Any US members HR inclined?

I just got a new job and am trying to figure out the benefits package.. I'll be 24 in two months.. not married, not kids.. has anyone/does anyone have the Definity HSA plan? It's where you get a debit card to use the money which you put into the account every week.. just asking for suggestions.

It depends, since you're not married, and don't have any kids, the tax benefits would be very little, unless you are someone that has a lot of health issues. If you are healthy, and hardly go to the doctor, it's probably not necessary to do it at this time.

If you get married, and the wifey is under your plan, then it would probably be a good idea. You can sign up just before the start of every year. So if you don't do it now, you can always sign up for it for the next year.

Also I would check, on some of these plans, if you don't spend all the money by the end of the year, you lose it, it doesn't roll over into the next year. So I would check on that.

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Originally Posted by Diane

It depends, since you're not married, and don't have any kids, the tax benefits would be very little, unless you are someone that has a lot of health issues. If you are healthy, and hardly go to the doctor, it's probably not necessary to do it at this time.

If you get married, and the wifey is under your plan, then it would probably be a good idea. You can sign up just before the start of every year. So if you don't do it now, you can always sign up for it for the next year.

Also I would check, on some of these plans, if you don't spend all the money by the end of the year, you lose it, it doesn't roll over into the next year. So I would check on that.

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thanks..

it has a rollover feature, so you never lose the money if you don't spend it within the year.. it basically comes down to slightly higher deductibles but much lesser weekly/bi-weekly amounts out of your check (you choose what you want). i still have to do a bit more research about it though.. i have a chest injury that, although i don't believe will be able to be treated, besides maybe surgery, that iw ould like to get looked at.

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Originally Posted by RP33

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Originally Posted by Diane

It depends, since you're not married, and don't have any kids, the tax benefits would be very little, unless you are someone that has a lot of health issues. If you are healthy, and hardly go to the doctor, it's probably not necessary to do it at this time.

If you get married, and the wifey is under your plan, then it would probably be a good idea. You can sign up just before the start of every year. So if you don't do it now, you can always sign up for it for the next year.

Also I would check, on some of these plans, if you don't spend all the money by the end of the year, you lose it, it doesn't roll over into the next year. So I would check on that.

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thanks..

it has a rollover feature, so you never lose the money if you don't spend it within the year.. it basically comes down to slightly higher deductibles but much lesser weekly/bi-weekly amounts out of your check (you choose what you want). i still have to do a bit more research about it though.. i have a chest injury that, although i don't believe will be able to be treated, besides maybe surgery, that iw ould like to get looked at.

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Well that's good that they changed the rule of not letting the left over money rollover. When this first started a few years ago, none of the plans let you roll your money over.

I didn't know you have to pay for some of your medical benefits, we don't, it's all company paid, so I guess if you feel that you'll have to visit the doctor regularly, and perhaps need surgery, then you may want to think about it.

I'm not in HR, I'm just going by what I know from our plan, so if you need any advice just talk to your HR department, I'm sure they can give you some better advice.