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


 

FEHB Aetna HDHP HSA Costs

Can a Federal Employee save money by switching his family of four to a High Deductible Health Plan (HDHP) / Health Savings Account (HSA)? Here’s another follow-up.

So far the answer is NO.  We’re about $300 behind where we were last year with the conventional Blue Cross/Blue Shield (BCBS) plan.

Doctor and pharmacist visits for the month of June bring the 2013 Aenta YTD total to $3962, versus $3647 with BCBS (basic) during the same time period in 2012.

Continue reading

FEHB Aetna HDHP HSA total costs

 

FEHB Aetna HDHP HSA Costs

Can a Federal Employee save money by switching his family of four to a High Deductible Health Plan (HDHP) / Health Savings Account (HSA)? Here’s another follow-up.

So far the answer is NO.  We’re about $400 behind where we were last year with the conventional Blue Cross/Blue Shield (BCBS) plan.

Doctor and pharmacist visits for the month of May bring the 2013 Aenta YTD total to $3347, versus $2940 with BCBS (basic) during the same time period in 2012.

Continue reading

FEHB Aetna HDHP HSA April 2013 costs

 

FEHB Aetna HDHP HSA Costs

Can a Federal Employee save money by switching his family of four to a High Deductible Health Plan (HDHP) / Health Savings Account (HSA)? Here’s another follow-up.

Due to either my ineptitude or Aetna’s confusing prescription drug price calculator, my family is about $200 deeper in to health care costs YTD than at this point last year with Blue Cross/Blue Shield (BCBS).

Doctor and pharmacist visits for the month of April bring the 2013 Aenta YTD total to $2414, versus $2267 with BCBS (basic) during the same time period in 2012.

Continue reading