Reply #14: Actually, at company number 2, I could have had an HSA [View All]

[Trailrider1951]

At that time, and I do not know if things have changed since the late 80's/early 90's, I was told that the money would be pre-tax dollars, directly deducted from my gross pay, and deposited into a Health Savings Account to be used for any qualifying non-covered medical expense, such as co-pays, eyeglasses (not covered), money paid toward deductible amounts, etc. Any money left in the account at the end of the year would be FORFEITED. That's right, STOLEN. Such a deal!! Needless to say, I did not take advantage of that little perk, since I spent little money on health care anyway. Health Savings Accounts make sense if 1. you spend a lot of money out of pocket per year for non-covered items, and 2. if your salary is such that you need another tax benefit. In no way do they benefit low wage earners with little or no health insurance.