This is almost certainly false. Check out employer contributions on high deductable plans vs more comprehesive plans with lower deductibles. The amount they save from getting someone on a (much cheaper) high deductible plan will dwarf any FSA money they might get to keep from a careless employee.
Lots of employers dont offer the high deductible + HSA option
So when you say they steer the employees towards electing them, you mean that they are encouraging the employees to take advantage of a tax break?
If the choice is between FSA and no FSA, you take FSA every time. Even if you just put in $100 a year, you come out ahead.
Unless you are saying they steer them towards overfunding them. I’ve never really heard of anyone doing that.
That’s why I said “many would consider it worse”. I don’t think it is objectively worse. How good it is depends entirely on your personal situation.
Hi there everyone is a sane country. Look at the living hell we Americans have trying to figure what health care option is best
Oh and we don’t know what anything costs and it’s near impossible to find out until after the fact. And even if you do there could be a surprise. The surgeon is on your plan but the anesthesiologist isn’t so now you are out of network and out of pocket $4,000.
Oh and to get your money back you have to jump through about three hoops, any of which could cost you hours on the phone or computer to get mistakes corrected.
But yeah, we have the best healthcare in the world. If you are rich and/or have good insurance. Otherwise good luck.
My grandson had major major-major heart repair (full AVCD) at 5 months. $400,000 bill. Got A+ level care. They paid the out of pocket maximum of a few $k. That completely changed my mind about healthcare in America.
My son and DIL had good insurance and ability to absorb the out of pocket max. Many, perhaps most can’t do that.
All had worked out great. He is five and thriving with a normal life and expected normal life span. That’s our good fortune/privilege in life.
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I know you know. I was friends with the HR lady and she would get frustrated trying to explain this to people. The vendors would do examples for people but they had a hard time getting a lot of people enrolled in the HSA plan.
I just want to pay my $25 copay or whatever not paying any attention to the higher premium and lack of tax break on all the copays.
Rolling over from year to year is the gold.
You sound like you are confusing HSAs and FSAs. HSAs are a big win for the reasons you describe, but they are different from FSAs.
I assure you, I’m not confused.
Where did you sense confusion?
I mean, the idea that every single employee has to learn about all this shit is absolutely ridiculous. That’s the main takeaway.
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The favorable tax treatment for HSAs only makes sense in the dumbass world where employer side health insurance contributions are non taxable.
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Absolutely fucking ridiculous that individual plans are purchased with after tax dollars while employer plans are not taxable to the employee.
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Thankfully we are setup as a business. So the business pays the premium and we fund the HSA.
But yeah the whole thing is a massive shell game.
Yeah my high-deductible health care plan is much cheaper which pays for much of the hsa
And the family out of pocket max for each year is only $7k while we put $7100 into the HSA so we can’t spend more on health bills than what we take out of paycheck.
And we didn’t spend much on doctors the past few years so got the hsa to 11k or so after 1.5 years on the job, which is better than paying almost as much in deductibles and having nothing to show for it.
So, businesses can buy plans on the exchange for their employees?
I don’t know know if we had employees what the rules would be.
Accountant in Minnesota and accountant here in PA both agree. I just let them do their thing.
This seems dubious. How would anyone know what the person died from so soon?
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Are you not employees of your own business? I know that you don’t have to be, but that is a common setup.
Rock climbing is meaningless. Life only has meaning if you work. I know this because that’s the only way I can find meaning since I’m a fucking robot piece of shit.
(Also there is no universal actual meaning to any of this shit so fuck Rahm’s brother for deciding that what is meaningful to him is meaningful to all.)
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I’ve got the medium deductible + max out HSA plan, and they seed it with $500 free money every year.
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