I've been using the Aetna HDHP. It isn't as good as it was when I first signed up in 2010. Deductables have been going up, and with the increase of generic medications, any savings in the HSA have been quickly disappearing. Also, Aetna recently switched their HSA custodian from Chase to Payflex. Payflex has been absolutely horrible to deal with.
Regarding places where you keep your HSA accounts, the best one I found has been Stanford Federal Credit Union. They offer an interest rate of 1.5% vs .25% Payflex gives you if you open a checking account and have at least $500 a month (or $250 a paycheck) automatically deposited to it. Normally you have to be a Stanford University student or alumni to join, but if you pay $25 or $35 to join "Friends of the Palo Alto Library" that will also make you eligible. You can set up everything online.
So the Aetna contribution to the HSA goes to Payflex (nothing I can do about that), but the additional HSA contribution that I make goes to SFCU. I also have a $250 dollar allocation set up in MyPay that goes to the SFCU checking account to meet the deposit minimum. This becomes my "pocket money." The rest of the paycheck goes to the wife.
Once a year, you can also do an HSA account to HSA account transfer, so in 2016 I will transfer whatever balance I have in my PayFlex account over to SFCU.
It may seem like a lot of work to get 1.5% vs. 0.25%, but I've been doing it more because the customer service from Payflex has been so horrible. I live in PA, but SFCU is part of a Credit Union Co-op, so I can go to a local (but different) credit union, and still do everything as if I was at a branch in Stanford, CA. I can also use any Allpoint ATM with no fee. Credit Unions are the way to go in my book.
Posted by: edrann@gmail.com
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