Some folks don’t save every little receipt, but do keep the larger ones. That can be handy when you would like a few grand tax free at some point. With your balance, continuing contributions, and aggressive allocation, you might need every avenue to get it out tax free. Medicare part B premiums qualify at $185/month currently and going up faster than CPI. Part D qualifies too. My plan is $0/month but DW will get a $95/month plan. I think IRMAA qualifies too.Thanks for your reply. I don't save receipts either as I think it's a huge hassle. Might regret it later. I can access email statements in the archives and can get EOBs from BCBS so I don't feel like I need to do a lot more if I want to cash them at any point.I’m a bit younger and have a similarly sized HSA. We’ve decided not to use it yet. You can use the money to pay Medicare premiums. 20 years of premiums for 2 people exceeds $100k, so I figure I’ve still not overfunded. At some point (maybe $200k in value) I will start reimbursing myself for current year medical expenses. I don’t plan to save receipts for future reimbursement.
ETA. I did save every little receipt. They do add up. I used them to justify withdrawals to get funds for Roth conversion taxes. In the 12% bracket, a dollar out of the HSA gets $8.33 into the Roth. At the 22% level, $4.55
Statistics: Posted by Svensk Anga — Fri Jan 24, 2025 8:24 pm — Replies 9 — Views 582