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By the time those blocks of grandfathered plans get to 2014, the rates will probably be higher than a bronze plan anyway.
By the time those blocks of grandfathered plans get to 2014, the rates will probably be higher than a bronze plan anyway.
Very likely they will be. My point was (maybe I was not clear) that someone on an HSA GF plan especially with a funded account will be able to keep and use the plan and account. Or establish and fund an account later if they have not already set up one. I have a lot of HSA clients who have funded HSA with Wells Fargo. If they are NGF and go into Bronze, Gold or whichever, they will likely lose the value of the funded account to use for medical expenses. Either pay the penalty to withdraw or ride the account out to minimum withdrawal age at passbook interest.
anyone with an HSA can use the funds for healthcare expenses even after they are no longer in an HSA-compatible plan. They just can't make any more contributions to the account.
Correct me if I'm wrong, but anyone with an HSA can use the funds for healthcare expenses even after they are no longer in an HSA-compatible plan. They just can't make any more contributions to the account.
Currently, yes. However, no one knows about the rules of the exchanges and metal plans in this regard in 2014 and beyond.
From reading your posts, looks like CA is in the thick of implementing all of this, with the pieces being put in place (sooner rather than later). Except one thing, what's in it for you and your fellow agents? Just curious as what happens in California....![]()