My employer will contribute $1500 to an HSA beginning in January. My spouse’s health plan is a low deductible plan ($500) with better coverage but higher premiums. The open enrollment period for the spousal coverage is April.
Would it be legal to take my employer coverage and get the $1500 and then in April decline the coverage while going on my spouse’s and then using the $1500 to pay (no more contributions) for medical expenses?
The way I see it I would essentially have 3 years of deductibles paid off in exchange for having slightly worse coverage for the first 4 months of the year.
submitted by /u/Battyman
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My employer will contribute $1500 to an HSA beginning in January. My spouse’s health plan is a low deductible plan ($500) with better coverage but higher premiums. The open enrollment period for the spousal coverage is April. Would it be legal to take my employer coverage and get the $1500 and then in April decline the coverage while going on my spouse’s and then using the $1500 to pay (no more contributions) for medical expenses? The way I see it I would essentially have 3 years of deductibles paid off in exchange for having slightly worse coverage for the first 4 months of the year.
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