Jim Palmer. Interested driver wants the inside scoop!

Tim03 · Aug 3, 2017

tscottme said: ↑

Since I brought it up, it's only fair Inadd this info about HSA insurance, such as that offered by Jim Palmer / Wil -Trans.
Health Savings Accounts

The money you pay each pay-period accumulates in an account that you own. You can spend that money for medical expenses. If you don't spend it it accumulates until you spend it. It rolls over from year to year & doesn't disappear.

I may be mistaken, but once you have accumulated your deductible or out of pocket amount I believe they stop deducting from your paycheck. Either way, unlike conventional health insurance, if you don't use your contributions they still belong to you. It's a savings account. Your medical savings account.
Click to expand...

An HSA is a perfect savings instrument provided you maintain good health. You can deduct the deposits every year and put the money in investment accounts similar to a good 401k albeit with higher average expense ratios than most good investment accounts. Unlike a 401k when you hit retirement age you can spend the money on non medical expenses without posting tax on withdrawals either.

Tim03 · Aug 3, 2017

tscottme said: ↑

Since I brought it up, it's only fair Inadd this info about HSA insurance, such as that offered by Jim Palmer / Wil -Trans.
Health Savings Accounts

The money you pay each pay-period accumulates in an account that you own. You can spend that money for medical expenses. If you don't spend it it accumulates until you spend it. It rolls over from year to year & doesn't disappear.

I may be mistaken, but once you have accumulated your deductible or out of pocket amount I believe they stop deducting from your paycheck. Either way, unlike conventional health insurance, if you don't use your contributions they still belong to you. It's a savings account. Your medical savings account.
Click to expand...

alghazi said: ↑

HSAs are a scam used by employers to pass off the costs of health insurance/expenses to the employee. It's nothing more than a tool to reduce the cost to the employer (and value to the employee) of an important employee benefit.

I would avoid any company running this con on its employees
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An HSA is a perfect investment took If you are healthy. You can deposit and take the deduction then incest it in mutual funds in the account and take the money tax free after retirement for non medical expenses. The are a tax shield for many.

Tim03 · Aug 3, 2017

Tim03 said: ↑

An HSA is a perfect investment took If you are healthy. You can deposit and take the deduction then incest it in mutual funds in the account and take the money tax free after retirement for non medical expenses. The are a tax shield for many.
Click to expand...

Tool

Tim03 · Aug 3, 2017

Tim03 said: ↑

Tool
Click to expand...

#### you auto correct

Don Future Trucker · Aug 3, 2017

Thinking about joining the Jim Palmer family next month weighing my options. Anybody can give me some honest feedback on the company

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