It also might be advantageous for you to choose a percentage - based
deductible over a dollar - amount if you are interested in increasing your deductible by a small amount.
Not exact matches
Every single
dollar that I contribute into my HSA every year is
deductible on the front of my personal 1040 tax return (up to certain annual limits imposed by the IRS — for 2010 the maximum
deductible HSA contribution is $ 3,050 for singles and $ 6,150 for families with those age 55 or
over getting an extra $ 1,000 allotted maximum contribution amount).
In the end, they said that we would be reimbursed for a grand total of 179
dollars of the 1000 we spent in medical bills
over the course of the year, and that was taken up by the
deductible, so we got nothing back.
However, if you never have to file a claim, that low
deductible will have cost you hundreds or thousands of
dollars in higher premium costs
over time.
For both, you'll have to choose a
deductible: a
dollar amount you fork
over to the repair shop before the insurer antes up.