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WillowTree

(5,350 posts)

37. And.....................? Why do you think they have to work for everyone?

Wed Feb 8, 2017, 02:46 PM

Feb 2017

Most products of any kind won't appeal to or be of use to everyone. They all have their own audience. As such, there are other insurance products what will be of more benefit to people with low or lower incomes. Doesn't mean that this one shouldn't exist for the segment of the population that will benefit from it. I don't exist in that income bracket, but I know people who do. Should the newer "high end" kitchen appliances not be made and offered to the public, some of whom can afford them, because not everyone can afford them?

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The Scam that is Health Savings Accounts [View all] The_Voice_of_Reason Feb 2017 OP

This message was self-deleted by its author madaboutharry Feb 2017 #1

BINGO..... The_Voice_of_Reason Feb 2017 #4

It sounds as if you don't understand that you're not trying to save the whole $250,000. WillowTree Feb 2017 #11

"not those in minimum or near-minimum wage jobs" susanna Feb 2017 #19

Characteristics of Minimum wage workers melm00se Feb 2017 #26

Thank you for the explanation. This helps a great deal. n/t susanna Feb 2017 #35

I don't know why you think I would know "what percentage of people" are making minimum wage. WillowTree Feb 2017 #32

Because HSAs are not going to work for that percentage of people. n/t susanna Feb 2017 #36

And.....................? Why do you think they have to work for everyone? WillowTree Feb 2017 #37

that's what it is NOW Skittles Feb 2017 #21

Maybe, maybe not. I haven't heard anything to that effect. Not yet, anyway. WillowTree Feb 2017 #33

they are a scam in that they greatly benefit higher earners more than they help people Skittles Feb 2017 #34

How does this harm anyone? WillowTree Feb 2017 #38

they're fine right now (assuming you can afford to contribute) Skittles Feb 2017 #39

If you say so. WillowTree Feb 2017 #41

Like you said Yupster Feb 2017 #15

Ok. madaboutharry Feb 2017 #16

all hsa's do is let you get a tax deduction (not a credit) for certain medical expenses unblock Feb 2017 #2

Thank you. n/t susanna Feb 2017 #20

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 not entirely correct. WillowTree Feb 2017 #43

Those tax credits are a big scam, also Warpy Feb 2017 #3

If we stopped putting The_Voice_of_Reason Feb 2017 #5

Many of them weren't wealthy when they got to Congress Warpy Feb 2017 #6

That's RIGHT. They are also pushing another idea that's just as deceptive and bad! napi21 Feb 2017 #7

HSA at my employment (large corp) rickford66 Feb 2017 #8

That is not how health savings accounts work.. not that they are anything to brag about, anyway pangaia Feb 2017 #9

I agree with most of what you wrote, but... subterranean Feb 2017 #10

All True, But RobinA Feb 2017 #29

You're confusing HSA with FSA tammywammy Feb 2017 #30

HSAs are great ... cvoogt Feb 2017 #12

One more apparent misunderstanding. WillowTree Feb 2017 #13

not a misunderstanding. cvoogt Feb 2017 #18

I've had a great experience with HSAs. Your characterization is wrong taught_me_patience Feb 2017 #14

I love my HSA too Yupster Feb 2017 #17

How old are you, if you don't mind my asking? susanna Feb 2017 #22

In his case, since it seems his employer offers different plans he could then switch stevenleser Feb 2017 #23

Either way, my point stands. susanna Feb 2017 #24

Use the accumulated savings would be my guess mythology Feb 2017 #27

I've had great experiance, also - but I can afford them now when I couldn't 6 years ago. haele Feb 2017 #44

HSA's themselves are fine and not a scam. fescuerescue Feb 2017 #25

Like many things melm00se Feb 2017 #28

actually, the high deductible trend IS a scam Skittles Feb 2017 #40

One other feature about HSAs is the fact the income is exempt from exboyfil Feb 2017 #31