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 Post Posted: Mon Jan 30, 2017 11:12 am 
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Dear all,

So, I'm a fairly healthy person. I have realized only now (I know its late!), in my late 30s that we could have a health savings account (HSA) if we change our healthcare plan to a HDHP plan. I'm seriously considering going that route because (a) I use very little of the doctor, (b) I could use all the money that accumulates in the HSA as a tax-free payment for things that normally my healthcare plan would not even cover such as Lasik or dental treatments and (c) it's another tax-free investing vehicle.

I would like to ask comments from anyone on the forum (seriously anything you know is great!) about your experience with a HDHP/HSA plan.

I can only choose between GEHA and Mail Handlers (MH) and I'm leaning towards MH because (a) they have a much better customer service rating and (b) provide me with a larger monthly return (GEHA's cost is $56.70 bi-weekly, the return is $750, MH's cost is $66.16 bi-weekly, the return is $900). The MH deductible is higher than GEHA, which is a downside.

In any case some of the things I would like to know:

1. Any experience with either service in terms of an HDHP/HSA?
2. GEHA uses HSA Bank and MH uses HealthEquity. Any experiences with either HSA administrator? Please elaborate on your experiences as well as pros/cons.
3. I have read that if I elect to put money into an HSA via MyPay that it is paid for "pre-tax." I have looked everywhere and found conflicting evidence if "pre-tax" means before or after FICA. Any insight on that?
4. Any suggestions/pitfalls to consider with an HDHP/HSA?

As an added note, I've googled both companies, I have downloaded their information and I have searched into their HSA administrators. I have found good and bad stories from all angles and I've dealt with the people at my federal organization that know a little about HSAs. The questions above were not answerable by them.

Thanks for any replies.

Best,

Me


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AGG (F Fund)
iShares Lehman Aggregate Bond (AGG)

S&P 500 (C Fund)
S&P 500 INDEX,RTH (^GSPC)

DWCPF (S Fund)
Dow Jones U.S. Completion Total Stock Market Index (^DWCPF)

EFA (I Fund)
iShares MSCI EAFE Index (EFA)