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In reply to the discussion: The Scam that is Health Savings Accounts [View all]Yupster
(14,308 posts)15. Like you said
Most people have no understanding of what a HSA is.
And DU is sure not the place to find out.
As great a place as DU is, when you get to things like HSA's and pretty much anything investment or economics related, stay away because much of the information is uninformed and seems just designed to cause people to get mad.
There are good explanations of how HSA's work down this thread if you're interested.
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It sounds as if you don't understand that you're not trying to save the whole $250,000.
WillowTree
Feb 2017
#11
I don't know why you think I would know "what percentage of people" are making minimum wage.
WillowTree
Feb 2017
#32
they are a scam in that they greatly benefit higher earners more than they help people
Skittles
Feb 2017
#34
all hsa's do is let you get a tax deduction (not a credit) for certain medical expenses
unblock
Feb 2017
#2
I doubt that Bill Gates bothers with HSA. There are another class of tax payers that get a big
grantcart
Feb 2017
#42
That's RIGHT. They are also pushing another idea that's just as deceptive and bad!
napi21
Feb 2017
#7
That is not how health savings accounts work.. not that they are anything to brag about, anyway
pangaia
Feb 2017
#9
I've had a great experience with HSAs. Your characterization is wrong
taught_me_patience
Feb 2017
#14
In his case, since it seems his employer offers different plans he could then switch
stevenleser
Feb 2017
#23