How the investor class sells Health Savings Accounts.

[NCTraveler]

The manner in which this article is written is how joe six pack gets sold on HSA's. I really don't like it when HSA's are being discussed in DC. They are an investment vehicle. All good by me but let's not call it something it's not. Very little to do with health.


The $200,000 Health Savings Account

Check out the 10 super savers with health savings account balances that top $200,000 at HealthEquity. What’s their secret? “You have to contribute in the good times!” says Jon Kessler, president and chief executive of HealthEquity. “Think of the accounts like self-insurance.”

The reality is that most health savings account owners use HSAs more as specialized checking accounts rather than long-term investment accounts, according to a new issue brief by the Employee Benefit Research Institute presented at the Institute’s summer policy forum on how to make HSAs work better.

Who are the HealthEquity super savers? The top 10 $200,000-plus savers are marked with gold stars on the nearby map, which Kessler shared at the conference. “They aren’t coastal,” Kessler says. They live across the U.S.—in places like Shreveport, La. and Export, Pa. They contribute the maximum allowed. (Just 4% of HealthEquity’s 3 million account holders contribute the max.) On average, they’re 48 years old, have a $74,000 median household income, and a $9,000 average HSA balance.

Snip

Another panelist, Kelly Dill, a national accounts executive at Cigna, said she has had an HSA for 10 years and uses it as an investment vehicle, thanks in part to the fact that she has an accountant husband. “It’s a mathematical conversation, and most families don’t have a math person,” she says. “Nobody gets it the first year; these are 5-year endeavours.”

https://www.forbes.com/sites/ashleaebeling/2017/07/13/the-200000-health-savings-account/#5675ad1b3efb

[Warpy]

1. "Good times?" Who the fuck is that gold plated twit trying to snow?

Sonny boy, "good times" left most of us in 1969 when liberals went out of power and conservatives in both parties embarked on a national policy of wage suppression.

Any "good times" experienced by any of us were floated on plastic or loans from relatives, bills which have long since come due while our purchasing power has continued to fall, year after year.

"Good times" are when those loans enabled us to buy a house or go on a real vacation that involved travel and a hotel room for a few days, maybe even a beach. Those days are long gone and if we still have the house, the value is likely under water in many parts of the country.

We can't even go shopping any more unless it's for groceries.

So take your "good times" and shove them right up your ass, Kelly and Jon. Congratulations to you on lucking out in a country that no longer works for most of us.

Just don't expect anybody in the 99% to eat any of that bullshit you're selling.

[NCTraveler]

2. Don't count on this.

"Just don't expect anybody in the 99% to eat any of that bullshit you're selling."

[Wellstone ruled]

3. This is only for the top 1%ers.

The rest of us just get sick and go die some where.