Health Savings Plan?
A few question on ‘health nest egg plans’. Can I use the funds surrounded by these plans to cover my insurance deductibles? Prescriptions? Also, are they available to use for dental procedures or optical frames?
Basically, I don’t fathom out how they work (how do I obtain access to the money), or what they’re for.
Thanks!
Answers:
Is this offered through your work? Then Flexible Spending Account is what you call for; settle next to your HR character for plan details.
Self employed, self insured? You're discussion going on for a HSA, Healthcare Savings Account. These usually enjoy a checkbook or debit card attached to them to expedite giving.
To answer your other question: yes yes yes yes anything medical that's out of pocket.
Unfortunately this is too broad to answer correctly. You want to read the details bringing up the rear the robustness hoard plan as respectively one is for a while different surrounded by what you can use the money for. Do some research, assemble information from several companies, own their agent donate you the answers to your specific question and after you can be paid an intelligent result.
Plans are different depending on who sets them up and what they settle on to cause the rules be.
Contact your HR soul, or the wall where on earth you want to set one up and own them explain it to you.
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Basically, I don’t fathom out how they work (how do I obtain access to the money), or what they’re for.
Thanks!
Answers:
Is this offered through your work? Then Flexible Spending Account is what you call for; settle next to your HR character for plan details.
Self employed, self insured? You're discussion going on for a HSA, Healthcare Savings Account. These usually enjoy a checkbook or debit card attached to them to expedite giving.
To answer your other question: yes yes yes yes anything medical that's out of pocket.
Unfortunately this is too broad to answer correctly. You want to read the details bringing up the rear the robustness hoard plan as respectively one is for a while different surrounded by what you can use the money for. Do some research, assemble information from several companies, own their agent donate you the answers to your specific question and after you can be paid an intelligent result.
Plans are different depending on who sets them up and what they settle on to cause the rules be.
Contact your HR soul, or the wall where on earth you want to set one up and own them explain it to you.