Ryan Kennelly
- Total activity 1732
- Last activity
- Member since
- Following 1 user
- Followed by 0 users
- Votes 675
- Subscriptions 460
Articles
Recent activity by Ryan Kennelly Sort by recent activity-
What Happens to the Money In My HSA Account After Turn 65?
You can continue to use your account tax-free for out-of-pocket health expenses. When you enroll in Medicare, you can use your account to pay Medicare premiums, deductibles, copays, and coinsurance...
How Much Does an HSA Cost?
An HSA is not something you purchase; it’s a savings account into which you can deposit money on a tax-preferred basis. The only product you purchase with an HSA is a High Deductible Health Plan, a...
What is a “High Deductible Health Plan” (HDHP)?
Sometimes referred to as a “catastrophic” health insurance plan, an HDHP is an inexpensive health insurance plan that generally doesn’t pay for the first several thousand dollars of health care exp...
What is a Qualified Health Plan?
Under the ACA, the designation of qualified health plan (QHP) is given to health insurance plans that are sold in the marketplace (exchange). The same basic rules apply to plans sold both in and o...
Can I Cancel My Dental Plan Anytime?
Generally you can cancel a dental plan at anytime, by not paying, if it’s a stand-alone dental plan. If you have a plan that includes dental, you can switch it during open enrollment, but can’t dro...
What is the 5-star Special Enrollment Period?
If a Medicare Part D or Medicare Advantage plan with a 5-star rating is available in your area, you can use the 5-star Special Enrollment Period (SEP) for a once-a-year opportunity to switch from y...
I am 65, are Medicare Part D premiums qualified medical expenses?
Yes. If an account beneficiary has attained age 65, premiums for Medicare Part D for the account beneficiary, the account beneficiary's spouse, or the account beneficiary's dependents are qualified...
Can I roll over or transfer funds from my HSA to a spouse's HSA?
No. You cannot rollover or transfer an account balance to another person's HSA. This would result in a taxable distribution (i.e., a distribution that was not used for a qualified medical expense)....
Can I open separate HSA accounts for my minor dependent children?
No, you can not open separate HSA accounts for your minor dependent children.
Can I use my HSA to pay for medical expenses in Mexico?
Yes, you can use your HSA funds to pay for medical eligible expenses in Mexico.