When is an HSA not an HSA?
So this post is a bit late, I hit the bed after several phone calls and internet account log-ins without remembering to post here. Now that I’ve been in Japan over a year, it seems silly to keep my Health Savings Account (HSA) open in the US. I’m now enrolled in the Japanese National Health System so I have medical coverage here, and the HSA wouldn’t really help here anyway.
I plan on canceling my HSA before my quarterly bill later this month. Now I just have to figure out how to roll my health savings out of the account into something accessible before any fees eat that money up.
On another note, when writing this post’s title I had to stop and wonder if my use of “an” was correct in front of the abbreviation. Something was telling me that “a” was not correct there when reading it, so I changed it to “an”… was I correct? Ever wonder the rule on “a” and “an” in front of acronyms?
February 4th, 2010 at 8:18 am
So can you roll it into something like an IRA, or Roth IRA back in the states? I didn’t know that fees could eat up your HSA. Seems a little odd to me.
February 4th, 2010 at 6:07 pm
I cant do a Roth now that my income is exempt and Im living in Japan (afaik). Advice from investment people in the US has been next to nothing… i think i need a specialist that deals with expats.
There is a small monthly management fee on my HSA, not sure how standard that is, but without making additional deposits it would eventually outpace any interest on the account.
February 4th, 2010 at 10:58 pm
“an” sounds good to me, even though I could be wrong…for obvious reasons. But I’d say “an” HSA definitely. On another note, everytime I watch an Asian kid doing something cool, I think of your uborn children hehehe…watch this:
http://www.youtube.com/watch?v=CgVqX0a49HM&feature=related
Hope you and Ayako are doing great. Have a good weekend!
February 5th, 2010 at 4:24 am
haha, thanks Cami. That kid definitely has some talent!