Armed Polite Society

Main Forums => The Roundtable => Topic started by: K Frame on December 04, 2019, 08:00:57 AM

Title: New HSA limits for 2020
Post by: K Frame on December 04, 2019, 08:00:57 AM
I almost missed this...

https://www.yahoo.com/entertainment/last-christmas-paul-feig-critics-box-office-155204550.html

Essentially, HSA contribution limits are going up $50 for an individual and $100 for a family account, to $3550/$7100.

If you're older than 55, the catch up contribution amount of $1,000 remains the same as last year.
Title: Re: New HSA limits for 2020
Post by: Ben on December 04, 2019, 08:16:28 AM
I wish that would go up way, way, more. Not only because of the state of health care insurance, but because my HSA is also my stealth tax-advantaged retirement account.  =D
Title: Re: New HSA limits for 2020
Post by: K Frame on December 04, 2019, 08:21:04 AM
"stealth tax-advantaged retirement account."

Oh, don't worry, when Bernie Warren is elected they'll get around to taxing the *expletive deleted*it out of your HSA once they get finished eliminating the electoral college.

I figure that will take... 5 or 6 days.
Title: Re: New HSA limits for 2020
Post by: Ben on December 04, 2019, 08:22:59 AM
"stealth tax-advantaged retirement account."

Oh, don't worry, when Bernie Warren is elected they'll get around to taxing the *expletive deleted*it out of your HSA once they get finished eliminating the electoral college.

I figure that will take... 5 or 6 days.

And week two will be my IRA. I hear they'll want to give me a break and not drain my TSP for at least a month.
Title: Re: New HSA limits for 2020
Post by: K Frame on December 04, 2019, 09:05:51 AM
"I hear they'll want to give me a break and not drain my TSP for at least a month."

You didn't build that!
Title: Re: New HSA limits for 2020
Post by: brimic on December 04, 2019, 09:16:37 AM
I wish that would go up way, way, more. Not only because of the state of health care insurance, but because my HSA is also my stealth tax-advantaged retirement account.  =D

I wish it were higher too just to cover the easy monthly installments I'm paying on 3 emergency room visits, 3 CT scans, 2 hospitalizations, 2 surgeries, and many recurring outpatient visits that my family incurred in 2019. I can't wait for this year to end.