Quote:
Originally Posted by Idris Icabod
I'm not sure I understand this. Isn't HSA only good for 1 year with a short grace period and then it is surrendered?
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I believe you are thinking about FSA (Flexible Spending Account). That one is anything but "flexible." If you wanted to (for example) pay for Lasik surgery with it, you'd have to account for that possibility at the start of the year. If, later in the year, you decided Lasik wasn't for you, you'd have all this money in your FSA which would "expire" at the end of the year.
On the flip side, if you had an unexpected medical problem during the year, the chances are your FSA wouldn't have enough money in it to cover it.