Re: Flex Spending Account enrollment and calculation

[http://dummy.us.eu.org/robert (Robert)]

I'm going to go for the Health Savings Account.  I'll be max'ing it out at
$7750 annually + the over-55 catch of $1000 for a total of $8750, so that
we can reap the maximum tax savings. The deductible is $3000 and the max
out-of-pocket is $10000.  The spread between the contribution and the max
out-of-pocket is $1250, and the spread between the contribution and the
deductible is $5750.  So, if either of needs surgery or gets cancer, any
pre-tax savings would be eaten up plus we'd need to pay $1250 after-tax.
(Note that is slightly more than the spread of $6600 for the traditional
one between the max out-of-pocket and the deductible .  One hopes that,
with the tax savings of the HSA, the $400 difference may be negligible.)

I feel sorry for people who are forced into HSAs
(https://ournextlife.com/2018/06/25/hsa/ ) who cannot max out their
contributions because they would end up paying after-tax for any care in
case of a catastrophe.  (They probably would be able to claim the medical
expenses on their taxes, but, by then, it would be too late.)

 > From: http://dummy.us.eu.org/robert (Robert)
 > Date: Sat, 12 Nov 2022 08:13:35 -0800
 >
 > I put my benefits sheets into the /tmp directory on your computer.
 > 
 > We can go over everything this afternoon.