Maine GOP Sen. Collins Unveils Proposal to Replace Obamacare

[DeminPennswoods]

40. HSA experience

I inadvertently chose an HDHP plan last year during open season. I was forced to open an account at a bank of the insurer's choosing. I wasn't allowed to save in my own personal bank account. Then the bank charged a monthly service fee and "paper statement" fee against the monthly contribution. When I chose a regular FFS plan this past open season, I called to close the HSA and was told the bank wouldn't directly deposit my balance to my personal account, but instead would send a check after deducting a $25 check fee. So of my total 1k contribution, after spending none of it, I get only $953 returned. The bank made a 5% profit. But the topper was the HDHP plan telling me I could just leave the HSA account open and my money in it. Sure, so the bank could continue to collect fees from it. Now this all amounts to found money for me since I'm blessed to be healthy, but to those who need every cent in their HSAs, this is highway robbery.