If I do a HDHP next year and contribute to a HSA, what happens to my HSA if I want to go back to a LDHP the following year or a few years later?

like
Posting as :
works at
You are currently posting as works at

HSAs rollover year to year. You never lose your money. If you enroll in another plan (like a PPO or HMO) that is not a qualified high deductible health plan, you can use your funds in your HSA but you can no longer contribute to your HSA.

like

Yeah of course!

like

One point. If you open an HSA mid year, you can only contribute a prorated portion of the IRS max. If you contribute more, that can be OK, but you would need to be HSA-eligible for the duration of the following year. In other words, you couldn't join a HDHP in September, contribute the max $3,550 or whatever, and then go back to a non-HSA-eligible plan in January.

Related Posts

Taking FAR tomorrow and starting to feel anxious. Any advice?

like

Medicaid plans are so dysfunctional. Has anyone else experienced this? I feel like I’m being gas lighted after working for big commercial enterprises and now working on a Medicaid plan. I’ve never seen so much resistance to change or legit resistance to doing anything to improve operations.

like

Anyone buying a place during Covid times in Denver? How's it going?

like

I feel lucky my family didn't catch covid19 from me- there is no way to really protect them

like

I was hospitalized two days ago because I have hyperacidity due to stress. I agree I have problems with coping with my stress. What should I do now?

Looking to buy 35K marriott bonvoy points. Let me know if anyone’s willing to sell?

like

If I have access to both to buy through Fidelity, any reason to choose IVV vs VOO? Why do you pick one over the other?

like

Has anyone taken up the Personal Capital investment management service that they offer?

They say they will manage my 401k but to do that they will require my credentials that I use to log into fidelity. Is that normal? Has anyone here done that before? Any feedback or experiences of using them?

like

Keto diet for vegetarians? What are option for breakfast/lunch/dinner ?

like

It’s looking like my job is gonna start asking us to return to the office. We have an open office plan and before we wfh FT I would save all my work for my telework days bc I can’t get shit done in the office. I’m having major anxiety about them making this decision. I know I’m not alone that people don’t want to return to the office. My ADHD and the open office just makes working from the office a nightmare and I’m feeling really nervous and kind of resentful.

like

This is a bit specific of a Q, but has anyone here gone to an ED treatment center in NY? Which one/Did you find it helpful?

like

For those of you with young children and a 2000 billable requirement, could you share what your typical daily schedule is like? Also do you have time to fit in exercise?

like

I am preparing for my first trial! Very nervous but excited. All tips and suggestions welcomed please!

like

Looking to rent a home in the Central Park area but there are very few homes available for rent on Zillow. Does anyone know of any other platforms that might have listings that are not on Zillow? I imagine most people who are trying to rent out their home/investment property would list on Zillow but thought I’d ask!

like

Anyone have situational depression? Can’t stop beating myself up over a decision a year ago. Basically missed out on a massive amount of money. I know this seems trite and i never even cared thatt much about money before this year.

So many other good things happened to me this year - got married, got a puppy, moved etc, and yet the one thing i keep returning to is this decision as though i ruined my life. Ironically the only thing ruining my life is my outlook and yet i just can’t stop.

likefunny

Hi All,
Just want your suggestion on this to help me decide.
I've been working in QA team for big data project and recently I've got offers from Startup and service based MNC as data engineer for the role of Data Engineer.
I've not worked on the actual development of ETL batches till now but I want to learn and grow gradually.

What kind of organisation would be best for me considering my mental health as well because I take too much stress ?

Thanks 🙏

like

If I’m selling stock to make the down payment for my primary residence house, is there any way I can limit or avoid some capital gain tax?

like

What do I need to do to make a few million $ by 35?

likefunny

Help - how do I fight claims by scammer healthcare providers?

I recently went to 2 different providers.

Dentist, made appt via Zocdoc to see a dentist that was in network. Another dentist at the location saw me instead who was out of network. I have text evidence they said it would be covered before visit. Claim was denied - asking for ~500 dollars.

Saw a specialist who’s office staff verified my insurance would fully cover the claim. Get the claim, says they are out of network. Owe 600.

like

What percentage of your income do you save, invest and spend?

like

More Posts

Enough work for today, Dad. Let’s snuggle.

Post Photo
like

My fiance is working on Axis bank in west bengal. I live in Bangalore. Our marriage is on December end. she will be shifting to Bangalore on January and has sent am email for transfer to Bangalore few times back. BUT not getting any positive response and even no one is replying to her emai.
Looking for suggestions here....

Today’s my bday. Also my beloved family dog is getting put to sleep due to cancer. I didn’t take the day off today for either reasons. Do I have my priorities messed up right now?

like

Thoughts on a manager texting you to ask why you aren’t online Easter weekend when all of your work is completed and another senior who can’t handle their own work decided to randomly send you their returns to review?

likefunny

Do you guys have any transfer pricing opening for an in house position? I am so fed up with big 4 life lol

like

Need refrel for sap basis and hana consultant having 6+ years of experience

like

Just got laid off do I need cobra? I plan to hopefully have a job soon

like

When lateraling to another defense firm, is it necessary to show billable hours at current firm?

like

This is an emotional dump rn. It may be lack of social interaction but I'm really frustrated lately. I feel like I lost last 2.5 years of my life with ongoing lockdowns and job instability in the first half of the pandemic. I was 28 turing 31. I get good dates but -ve self talk
Inflation is high & coming from a low income family where you're supposed to help your parents is driving me nuts. Although I make a good salary, after rent, car insurance, there isn't much left (unfav currency exchange)

like

When is it appropriate to follow up after an interview for a lateral position? Had a screener call 2 weeks ago and then an interview with the partner + senior associate last Thursday where it was mentioned that they would “likely” want me to meet more people. I’m getting anxious but don’t want to bug them!

like

I have been an assistant manager at a retail store for a year and a half. This chain has about 60 stores. I get paid hourly. What is a fair hourly wage for an assistant manager position ima store of this caliber?

like

And did I mention how great at catching bugs he is!!
😂😂

Post Photo
funnylike

Am mechanical engineer with 9+ years of experience in the field of steel plant construction executing installation of machinery and process piping till commissioning with gulf experience too
Hoping for a referral
Thank you

like

When does PWC India provide laptop for new joiners ?Do you get allocated to projects immediately or is there any specific waiting time?

like

Pretty stoked on this new strap made from a World War II bandolier. Thoughts on ammo straps generally?

Post Photo
like

Anyone have a ticket for Meduza at district this Saturday and not going anymore? It’s $57 now with fees and that’s too much. Might as well buy the VIP which is $80 w fees but that is probably a huge scam so guess I’m not going

Reasonable salary/hours target for 2-4 year ID in central Florida or Tampa?

like

I have done BCA and have 5 yoe. Will I be eligible for H1B? Accenture
Asking this as I am worried if my 3 year graduation will be causing any issue.

like

Anyone looking to do a case prep this weekend via Skype / phone?

like

Really jazzed about this project… love the art and that cause.

Post Photo
like

Additional Posts in Employee Benefits

At EY is I was reimbursed for a stationary bike 2 years ago. Would EY reimburse me for a road bike this coming year? There's a stipulation that says every 5 years but I'm not sure if that means for another stationary bike or if I can get a road bike and be reimbursed.

like

Will GYMPASS be an additional benefit on top of the $500 EY wellness benefit? What is it?

likehelpful

I do sales for a major engineering firm. Focused on new business and exploring new markets. Last year I was in the top 50% for order intake, and first in number of projects won along with number of new customers. I think this is extraordinary given the effort it takes to win new business.

For next year my goal increased by 2.5X, and less of what I bring in counts towards that target. I really enjoy my job but I will essentially be getting a large pay cut. Lost in what to do besides quit??

like

Deloitte Cloud practice vs. Accenture Cloud practice. Which one is better?

like

If I decline health insurance at IBM, do I get a cash payment? I have an offer from another firm that gives me $5k... does IBM give anything?

(Wife has free health insurance via her city job)

like

Can someone recommend affordable health insurance? I left the firm earlier and am expecting a gap of medical coverage until I find a job. Currently not actively seeking either...

I have $30 remaining in my technology subsidy. Can I use it to pay part of a purchase of an earphone set worth $200

Company offers 200% match on the first 3% of 401k contributions, vested immediately. How is that relative to other firms?

like

My firm doesn’t match my 401k — still worth opting in?

like

Has anyone successfully used an education benefit? What's the process?

Im interested buta little nervous about my firm because you have to pay up front and then get reimbursed.

like

Bain & Company PPO health insurance only! Post your firm's biweekly premium (employee deduction) and whether it's employee, employee+spouse or employee+family.

Deloitte Accenture EY PwC Boston Consulting Group McKinsey & Company Bain & Company KPMG

like

Can anyone from FTI speak to their benefits? 401k match, healthcare, etc?

like

Just joined this bowl and disappointed to find 80% of the posts are just people too lazy to read their employee handbook... I’m here to ask, any firms offers MilkStork as a benefit.

likefunny

Can you submit a climbing gym membership for a fitness expense with EY? It says extreme sports are restricted and lists rock climbing but is the climbing gym itself ok?

Does any firm reimburse for part time MBA ? Thinking of applying for Booth part time MBA

For advisory folks at KPMG, what's your meal limit for breakfast, lunch and dinner?

likehelpful

What is the salary for an entry level audit associate in NYC?

like

Does Slalom offer fertility coverage? (E.g. IVF)

like

I joined EY this week. May i know whether are any good benefits to know during the first few months?

like

During open enrollment the only benefit I set up was a health savings account. Now I’m planning to start at a new firm in January. Can I cancel my hsa at EY by inputting life event like changing employment?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal