Anyone Recommend Investment Accounts for HSA's?

[Yagents]

So could this technically make some/most/all of a client's LTC premiums tax deductible (subject to the max contribution limit for the HSA and the age banded distribution limit for the LTC) if the client fed his premiums through the HSA (assuming that he didn't meet the 10% AGI floor for medical expenses)?

You are correctomundo................

 

[billberry12]

The short answer to your question is "absolutely".

 

[Soaringagent]

Your local credit union might have some options.

 

[Justin Bilyj]

2 HSA questions:
1. Can you have multiple HSA accounts linked to one HDHP? Like a money market account at a local bank, and some investments in another account somewhere else where a custodian allows it?
2. Can you roll over an HSA into an IRA? or 1035 it into something else?
Thanks!

 

[Yagents]

2 HSA questions:
1. Can you have multiple HSA accounts linked to one HDHP? Like a money market account at a local bank, and some investments in another account somewhere else where a custodian allows it?
2. Can you roll over an HSA into an IRA? or 1035 it into something else?
Thanks!

You can have as many HSA accounts as you wish, but the maximum contribution allowed each year remains the same.

No, you cannot convert or transfer or roll an HSA into any other vehicle. But, you can move money from an IRA to an HSA, by taking an IRA taxable distribution and then making a tax deductible HSA contribution. This is a keen strategy for those between 59 and 1/2 and 65 yrs old for those with bloated IRA's. You are also allowed a one time tax free transfer from IRA to HSA for 1 year contribution.

See more on this page: HSA Consumer - Tax Planning Strategies | HSA Consumer
or here: HSA Investment Srategies - Why, When and How | HSA Consumer
or here: