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Employee deferral amount.
Let's say Ouchie's 401k had 4% match. He puts on the 4% to get the match. Next step is he maxes out his HSA. After That, he circles back into the 401k and completes his employee contribution.
Typically, HSA accounts are only available if you participate in a high deductible health plan so if don't I am not sure if you can truly set up an HSA. I am hoping Ouchie may speak to that since
my wife and I don't have a deductible at all.
I think I get it a bit more now. At my last place I got into a high deductible Kaiser plan without intending to because of really poor information and Trinet's site with all the explanations not working that day. I was offered HSA but didn't take it. I'm with Kaiser again now but not a high deductible, so I probably don't have HSA.
I pay about 350 to 400 a month now for my medical but my company then reimburses it so there's a line item on my paycheck that deducts what I pay, and then adds it back. So right now my medical is free, although I suspect the amount they kick in every month is now taxable because of the way it's on the paycheck. But in my mind it's like getting an extra 400 a month or nearly 5K a year in salary. At my prior company I was paying for that high deductible plan with nothing kicked in from the company