Reply #70: That's what my employer is going to next year. [View All]

[dflprincess]

The HSA is "managed" by J.P. Morgan. When the "advantages" of this system were being explained to us by the Cigna rep, we were told that once we get $2,000 into the savings account we may put it into a mutual fund (fortunately, that's still an individual decision, my money will stay in the savings account which I was told is insured). Both the Cigna stooge and the person from our HR department did not appreciate the skepticism expressed about putting health care dollars into the stock market. Remember - if you get sick, try and do it during a bull market.

The funny thing is, IRS regulations limit how much you can add to the HSA each year and that amount is less than what my maximium out of pocket ($3,700) can be starting next year. However, my employer is not raising our share of the premium by more than a couple bucks, but I would rather that had gone up so I didn't have to worry about having enough cash or "savings" to cover expenses when I need the doctor.

I have moments when I just can't believe how screwed we are.