Hello fellows I have a question;
I had some emergent medical issues and, having a high deductible medical insurance, I am now on the hook for about $5000.00. I am young and healthy otherwise.
I do have an HSA, which currently holds about three times that amount. I have the funds to pay this bill from my revolving accounts. My question is,
Should I withdraw the money from the HSA and pay this bill?
Should I withdraw the money from the HSA, and place it into a regular after-tax account?
Should I not do anything and keep this bill and send to them whenever I decide I should withdraw the money, and if I do this, how long do I have to claim this money?
Answers and the Why's to the answers greatly appreciated!
Thanks much everyone
I had some emergent medical issues and, having a high deductible medical insurance, I am now on the hook for about $5000.00. I am young and healthy otherwise.
I do have an HSA, which currently holds about three times that amount. I have the funds to pay this bill from my revolving accounts. My question is,
Should I withdraw the money from the HSA and pay this bill?
Should I withdraw the money from the HSA, and place it into a regular after-tax account?
Should I not do anything and keep this bill and send to them whenever I decide I should withdraw the money, and if I do this, how long do I have to claim this money?
Answers and the Why's to the answers greatly appreciated!
Thanks much everyone
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