Military Service Credit Deposit

TMW_Podcast

Special thanks to Ryan Guina over at The Military Wallet for featuring me on Military Wallet Podcast #21!.

I especially enjoyed chatting with Ryan and sharing my experiences calculating the value of a Military Service Credit Deposit for Federal Employees.

Ryan put in some extra efforts to make this podcast episode happen, including some post-production to clean up the Skype audio during the last few moments of the discussion.

You can find the podcast here (be sure to leave Ryan a review/star rating on iTunes).

Enjoy!



Transfer money from IRA to HSA

 

A loyal GubMints reader writes:

I’m currently serving in the National Guard.

I use TRS as our only insurance for myself and my family.  I serve in the Air National Guard, but I have an FSA available through my civilian employer.  I was wondering if I can contribute to and use an FSA to pay for my TRS premium, and any other health care related expenses?  

Can you contribute to either a Health Savings Account or Health Care Flexible Spending Account with your company while your primary insurance is Tricare Reserve Select?

I believe the answer is no to the HSA, and yes to a FSA, but I am having a hard time clarifying that research. 

Thanks!

Thanks for your service, and thanks for reading!

For my answer, I am assuming you and your dependents are all on the same medical plan and you are not split between your self ‘solo’ on TriCare with your dependents enrolled on another health plan. Continue reading