Re: Heath Insurance Concerns - Posted by Steve-WA
Posted by Steve-WA on March 23, 2006 at 20:37:59:
wow! what a busy day on this board! I’m way down here trying to catch up on my reading!!
Tony, you say:
“”""“I can set aside the high deductible (there are a variety of plans for this as well) in a savings account (I simply use my own) so that as the money grows I can reinvest unused protions into more deals”""""
Two points: setting up a formal Health Savings Account health plan does this too, but every health care dime is deductible using a HSA, not that weird percentage of income that must be exceeded (and never is, especially for healthy folks like us).
Point 2: Equity Trust can set up an HSA that you can use to invest, just like a Roth.
Have you considered these two points, and if so, what are your reasons for NOT doing it this way? Cause I see no reasons not to - - - if you do, then educate me!