Announcement

Collapse

Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as BKForum.com and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do:
BKFORUM.com (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto BKForum.com you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.


Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of BKforum.com.

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on BKForum.com are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

HSA/High Deductible Health Plan Question

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • HSA/High Deductible Health Plan Question

    I have a decision to make and need some advice/info. I have the opportunity to switch to an HSA/High Deductible Health Plan.

    But I'm also actively searching for a new job. What happens to the money that's in my HSA if/when I get a new job that does NOT include the HSA/High Deductible Health Plan option? It is my understanding that all funds in an HSA must be used exclusively for medical expenses incurred while I'm on the HSA/High Deductible Health Plan.

    If I go to the doctor under the new plan and pay a co-pay, can I use the HSA funds without penalty? At that time, I would have different coverage.

    TIA!
    Don
    Filed Pro Se on 8/4/11 (No Asset, Chapter 7)
    Redeemed Automobile ProSe (722 Redemption),Discharged on 11/3/11

  • #2
    Yes, you can use the HSA to pay your co-pays. That is completely acceptable. What ISN'T acceptable, is to pay your insurance premiums with those funds. Are you able to carry this HSA and insurance with you if you do get the new job?
    "To go bravely forward is to invite a miracle."

    "Worry is the darkroom where negatives are formed."

    Comment


    • #3
      This is an HR question as all plans are different. What you need to do before you consider going into this plan in your present job is to thoroughly read the information as to the plan and how your contributions are handled and what would happen if you leave your job. When you leave your job, you leave that employer sponsored plan. Therefore, you either forfeit the money withheld from your paycheck and that is held in your HRA or you use it. It is important you find this information for that specific plan before you make any decisions. If you are seroiusly considering changing jobs, I would not switch plans at this time but wait until you see what is available with your new job.
      _________________________________________
      Filed 5 Year Chapter 13: April 2002
      Early Buy-Out: April 2006
      Discharge: August 2006

      "A credit card is a snake in your pocket"

      Comment


      • #4
        Originally posted by AngelinaCat View Post
        Are you able to carry this HSA and insurance with you if you do get the new job?
        No. That's why I'm concerned. When I quit the current job, my curret insurance is gone. But I'd still have funds in the HSA.
        Don
        Filed Pro Se on 8/4/11 (No Asset, Chapter 7)
        Redeemed Automobile ProSe (722 Redemption),Discharged on 11/3/11

        Comment


        • #5
          An HSA is different than an HRA where as you contribute your own pretax money to an HSA and your employer may contribute. Only an employer may contribute to an HRA. It is my understanding that you may continue to use the funds in your HSA if you are no longer on a qualifying health plan. You just can't contribute additional dollars or use the funds to pay for health care premiums. You may even use your HSA funds to pay for expenses related to spouse or child health costs even if they are not on your health plan. You are allowed to retain ownership of your HSA even if you leave employment. You are also able to withdraw funds from your HSA without showing that they are actual medical costs unlike a FSA. You will pay a 20% penalty if you use HSA funds for non medical expenses and will need to claim that on your taxes as income. Be sure to check with your HR department as different states may have different rules regarding HSA's.

          One thing I read that I wasn't aware of is that the FSA limit beginning in 2012 will be $2,500. This is disapointing as my company currently allows you a maximum of $5,000. This limit will not apply to HSA's. Am I reading this correctly?
          Filed 11/17/11 Chapter 13, 341 meeting 12/21/11. Plan confirmed 1/19/12 - DISCHARGED 12/16/15

          Comment


          • #6
            Our HR rep said the federal gov't changed the limit on what you can contribute to the UNREIMBURSED MEDICAL EXPENSE portion of a Flexible Spending Account. The limit went from 5000 to 2500. The limit on the childcare portion remains unchanged at 5000. The employer has nothing to do with this limit.
            Don
            Filed Pro Se on 8/4/11 (No Asset, Chapter 7)
            Redeemed Automobile ProSe (722 Redemption),Discharged on 11/3/11

            Comment


            • #7
              We have a personal HSA. We fund it every year since 2010 with a Retirement instrument that pays a yearly stipend each January. We are able to put $4500.00 into it each year. So far, it has done us very well.

              Check with your HR person and a Financial Advisor and see if there is any way you can transfer or roll over your HSA funds into another instrument.

              I need to add that we created my HSA account BEFORE I bought the high deductible insurance, the premium, of which will be going up by nearly 40 dollars in a couple of months...*Sigh*
              Last edited by AngelinaCat; 04-14-2012, 08:57 PM.
              "To go bravely forward is to invite a miracle."

              "Worry is the darkroom where negatives are formed."

              Comment

              Unconfigured Ad Widget

              Collapse
              Working...
              X