Is a Health Savings Account considered health insurance?

Luis Farlow: dropping money on a tax lawyer might serve no purpose. FWIW, a tax lawyer is the guy you will possibly hire in case you're being pointed out on offender expenses of tax fraud or tax evasion. For ordinary concerns you will preserve a CPA or EA, many times at a lots cheaper fee. nevertheless, it may be a waste of funds going that direction when you consider that neither of them can substitute federal regulation. Bostonian has given you the appropriate and maximum complete answer. Federal regulation would not understand family participants partnerships or same intercourse marriages so there is no way that your plans can impression each and every others. as a techniques because of the fact the IRS is in touch, you're 2 singles, one with babies and one without. end of talk on the difficulty....Show more

Hai Biggart: Health Savings Accounts have to be "matched" with HSA-compatible health insurance plans to function correctly. So the HSA isn't replacing your h! ealth insurance, your entire setup is being changed. I would ask for a thorough explanation of your new HSA and answers as to how it differs from what you had before....Show more