02-07-2023, 02:31 AM
Opened a new HSA but no HDHP
<!-- SC_OFF --><div class="md"><p>EDIT : Seems to be unanimous , I will be canceling tomorrow with fidelity and reversing my initiated bank transfer. </p> <p>I opened a HSA with fidelity , and looked up some stuff after and realized I need a health care plan … which I don’t currently have and don’t plan on it. Why did they let me open one? Am I missing something or can you not open one unless you have a HDHP? I was under the impression you can use this account as a tax free way of paying medical expenses , but didn’t know it was to be in conjunction with a plan. It didn’t have me setup pre tax transfers , but it allowed me to initiate a external transfer from my bank. I guess I should’ve looked this up first. Can anyone shed some light here ?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/we_are_all_dead_"> /u/we_are_all_dead_ </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/10vopzl/opened_a_new_hsa_but_no_hdhp/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/10vopzl/opened_a_new_hsa_but_no_hdhp/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>EDIT : Seems to be unanimous , I will be canceling tomorrow with fidelity and reversing my initiated bank transfer. </p> <p>I opened a HSA with fidelity , and looked up some stuff after and realized I need a health care plan … which I don’t currently have and don’t plan on it. Why did they let me open one? Am I missing something or can you not open one unless you have a HDHP? I was under the impression you can use this account as a tax free way of paying medical expenses , but didn’t know it was to be in conjunction with a plan. It didn’t have me setup pre tax transfers , but it allowed me to initiate a external transfer from my bank. I guess I should’ve looked this up first. Can anyone shed some light here ?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/we_are_all_dead_"> /u/we_are_all_dead_ </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/10vopzl/opened_a_new_hsa_but_no_hdhp/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/10vopzl/opened_a_new_hsa_but_no_hdhp/">[comments]</a></span>