Hypothetically, if my grandmother pays a $1000 medical bill directly to the provider on my behalf, can I count it as a medical expense for purposes of reimbursement from my HSA?
Does it matter if in the same year she gave me $19000 directly in addition to paying my medical bill?
In the alternative, what if she pays or gifts me nothing else that year except this one medical bill?
Elderly couple, significant amounts in Pre Tax IRAs. They have an attorney, other assets, have trust etc, and will ask him before they do anything but are just exploring now. Florida residents.
EDIT: To be clear, the contingent beneficiaries are their biological children and are listed that way on the Vanguard et al account. These are the same people who inherit everything else after the second spouse passes and are the contingent beneficiaries of the trusts (each spouse of the couple has a revocable trust). Also, some people mentioned a disclaimer trust, would that be a way to help with the RMD on taxes but still make the surviving spouse feel like they still have control over the distribution? The trustees are the spouses and then their children, no outside trustees, both members of the couple are financially literate and the children are financially responsible and literate. Goal is save on taxes overall, whether owed by the couple, the estate, or the children
If each spouse is the beneficary of the other spouses IRA (both are significant amounts that will increase RMD taxes if they become single filers), and decide to disclaim in favor of their biological children (per stirpes) who are the contingent beneficiaries, will this account have to go through probate or will the Brokerage (eg Vanguard, etrade Schwab) simply transfer it to the contingent beneficiaries after the first beneficiary disclaims?
I have seen posts in other groups where the amount just gets transferred to the spouse before they can disclaim, is that a risk? I would assume the brokerage would have to be notified of the passing and the spouse can disclaim then?
Is there a better way to do this? Such as eliminating the spouse as the primary beneficiary and just putting the adult kids instead? I assume this would avoid probate since it is based on the beneficiary designation?
If one of the adult kids does not want the money but wants it to go to his kids (lets say he has two), are there generation skipping implcations? Would it be cleaner to have him disclaim or just list the two grandkids as contingent beneficiaries with each getting half their parent's amount?
Have had an HSA since February. It is me and two 22 year old dependent college students on the HSA at different schools. They will be going back to school later this month. One will definitely be required to buy the school insurance, not sure about the other one. School insurance starts August 15. We are all currently on a Bronze ACA
If only one of them is required to buy the school insurance, I can still contribute as a family to the HSA?
If both are required to buy the insurance but are still on the HSA as a backup, can I still contribute as a family to the HSA?
Can I still contribute for August since coverage kicks in mid month? I would appreciate sources
How does someone use their resources to get quicker, better access to physician appointments and care when they already have a condition? Specifically, logistics such as expediting appointments. Not asking about preventive care, lifestyle suggestions or executive physicals.
I have a close family friend who lives in South Florida. HNW, many health issues. His wife is competent and in much better shape. However, despite being highly educated in a medical field and HNW, they cannot seem to manage his health. They themselves understand things well, it is the logistics that they seem to have trouble with.
For example he had a small procedure in mid July. He was supposed to have a post op visit around July 30 but his wife was unable to make him an appointment until August 12. August 12 should have been the follow up visit not the initial visit and time is of the essence in his case. Wife claims she is on hold with his doctor's office for long periods.
Would a concierge physician help in this case? They really do not need one for purposes of understanding the procedures, more for getting things moving or offering another opinion.
What would be the cost? Other options? They mostly rely on insurance despite having resources. Anyone know what their options are? They are very thrifty, despite having way more money than time
What would it cost, what can a concierge do that they cannot for themselves? Will they be able to expedite appointments? Is there another option?
Looking to rent a 7 or 8 passenger car (age 30+). When I go on my regular websites, I am getting crazy prices but in a good way, $14 a day all the way up to $100 a day for Florida airport rental. I have not tried to book yet. While I am familiar with the majors, I have never heard of some of these companies Zezgo, Flexways, Economy, RC. I do have a car at home and usually do not get the CDW. I do not want to be involved in anything other than a traditional rental, no car version of AirBnB.
Anyone rented from these companies? Am I missing something?
I know it varies by state. In this case NY and Florida. This would be going to an adult child of the original holder, not the spouse.
Also does it matter which state the original holder is in or where the child is located? If it is different states, which rules control?
I know about the 10 years rule. I am specifically concerned about creditors while it is still in the IRA
We’re cleaning out old files, and found some stale checks from 2017 (or rather bank issued copies of stale checks). Anything we can do with them? The amount is over $500.
We have a small professional office. We accept checks as payment from insurance companies. Back in 2017 we submitted two unrelated claims to a major insurance company. They paid the claims in two checks a month later. We deposited the checks as normal but they were returned by the bank. We tried redepositing after calling the insurance company and the bank, they came back again. It was unclear why. Bank blamed insurance, insurance blamed bank. I think the insurance company believed the check had been cashed since it was deposited more than once (we tried). Again this is a major bank and a major insurance company. We still deal with both on other things.
We spent hours on the phone with them for several months in 2017. While I am not 100% certain I do not believe they ever sent a replacement checks (we had some staff turnover so whoever was dealing with it may have dropped the ball). Should I send a letter to the insurance company now? I check abandoned property regularly and the checks are not there. What do I say? Include a copy of the checks, note from the bank and say we requested a replacement check but never got one? Should I not bother?
Joining ACA for the first time due to an event. We are a family of 4. Spouse is on Medicare, two dependent adult college students and I will be on ACA. We are getting a $800 subsidy. However, before we signed up, when I did all the calculations through the marketplace application, it came up with very different numbers (under $100 subsidy) if I said only I needed insurance. How come? Where can I find out more about this? Does anyone have a link to an article that is not also trying to sell me something?
It is potentially an issue because we have to submit the insurance to the college (in another state) and they may reject our ACA insurance and require them to sign up for the college insurance. At that point should I drop them from ACA? I feel like it may cost me more. I
If it ends up that with the subsidy, insurance for all of us costs less than insurance for just me, can I keep them on the insurance even if they are also required to be on their college insurance?
Have qualified for ACA with a subsidy of about $1000 a month (for 4 people) recently. My spouse is self employed and provides most of our income. My understanding is that he can deduct our health insurance premiums from our taxes at year end on Schedule 1. Here is where I get confused, let’s assume our income when we applied is under the subsidy limit based on what he earned last year and this year so far. However as someone who is self employed the income is lumpy and could go up in the second half.
What happens if our 2026 income is over the subsidy limit but only by $4000, if we had not had that subsidy and had to pay for healthcare it would be under? Not sure how filing taxes and having the ACA work, I know we have to somehow pay it back on our taxes if we are over but do we then get the tax deduction?
If I get non emergency medical care outside the US, can use my HSA or keep the bill and use it some years from now to withdraw against it from my HSA?
I am considering filing based on Kwong but I have some specific questions since I am not a tax professional, just a lay person.
How likely is it that Kwong will be upheld (I know no one has a crystal ball) ? Have similar situations happened in the past, what was the outcome? The following assumes that Kwong is upheld.
I have a qualifying event and will be joining the NY Marketplace for a regular ACA plan. I do not see doctors regularly and do not have one and am not interested in getting one. My kid’s pediatrician (who they are outgrowing anyway) takes everything. I would like options if I do need a doctor but honestly the last time I saw one was years ago. Strongly prefer something not gated. I assume hospitals take all the plans? I am not looking for info on subsidies, I will be paying full price for whatever plan it is
I am considering a bronze or silver plan (most likely Bronze). My choices are Health First, Anthem, Fidelis, Oscar, Emblem and UHC. UHC and Emblem are pricier than the others so I have eliminated them (unless someone has specific reasons as to why I should not). I am leaning toward Health First because it is relatively inexpensive (compared to some of the others) and not gated which is important to me, especially with a Bronze plan. The one doctor my kid sees only takes Anthem and UHC of those choices but we are currently paying out of pocket (have an HDHP) and the doctor is pretty reasonable and the visit cost will not make up the difference in monthly cost, also my kid may not be staying on the new insurance anyway.
What plans are you happy or unhappy with? Why?
How does it work with referrals? Do I have to establish a relationship before they will write one? Do I physically have to go into the office? My thought is this, if I do need a referral then I could potentially (depending on the plan) have to pay for an unnecessary office visit in addition to the specialist visit, as opposed to simply paying for the specialist. Or is that not how it works? I am unfamiliar
Plus the delay in having to get two appointments instead of one. Example, if I break my arm and it is obviously broken, I need an orthopedist, I do not need to see a GP to tell me it is broken. I would rather just be able to make an appointment with the orthopedist
Any suggestions, supplements etc. My parent also has a substantial hearing loss related to age. It is a high frequency and hearing aids do not seem to help him much
How to return a refund that should have been applied to a subsequent year?
Our 2020 1040 overpayment was frozen for over two years and the entire overpayment (as originally filed) was recently released however how it was applied is still an issue. We ended up with a small refund instead of it being wholly applied to 2022. Our 1040 was filed late (but before April 15 2024) along with 2021 and 2022. The freeze was because of a Covid credit that was being investigated. We have been writing letters and calling since 2024 and even got TAS involved. We had a substantial overpayment in 2020 (over 15K) and owed a few $$$$ for 2021 and more for 2022. With penalties and interest the amount alleged owed for both years grew
The original overpayment should have covered both original shortfalls. While we have been threatened with levy, there is a code 971 on both 2021 and 2022 blocking from the auto levy program initiated in Fall 2024 from a phone call I made. The code is still on 2022.
Thanks to TAS, our overpayment was released last month. It was applied to 2021 and we no longer owe for that year. They applied part of it to 2022 but not all. They allege we still owe for 2022 (I checked my transcript today) Our 1040 2022 filing self reported any penalties or interest that were owed at the time of filing and was factored into what we owed by our accountant.
This morning we got about $3000 in refund checks. About $2500 for 2020 and $500 for 2021. They came from Kansas City but one check references Austin, Tx and the other says BROOKH (which I assume is Brookhaven) if that matters. I obviously need to return them and write another letter. I will send it certified, void out both checks etc. Should I send each check separately? Is there anything else I should do? I am speaking with my TAS rep in a few weeks again. Why did we get this (kind of a rhetorical question)?
I have gotten no notices since May (when they said they needed more time to investigate 2020) and none are listed on any transcript or my account
How to return a refund that should have been applied to a subsequent year?
Our 2020 1040 overpayment was frozen for over two years and the entire overpayment (as originally filed) was recently released however how it was applied is still an issue. We ended up with a small refund instead of it being wholly applied to 2022. Our 1040 was filed late (but before April 15 2024) along with 2021 and 2022. The freeze was because of a Covid credit that was being investigated. We have been writing letters and calling since 2024 and even got TAS involved. We had a substantial overpayment in 2020 (over 15K) and owed a few $$$$ for 2021 and more for 2022. With penalties and interest the amount alleged owed for both years grew to over $40K from $15K (what was actually owed even accounting for penalties/interest).
The original overpayment should have covered both original shortfalls. While we have been threatened with levy, there is a code 971 on both 2021 and 2022 blocking from the auto levy program initiated in Fall 2024 from a phone call I made. The code is still on 2022.
Thanks to TAS, our overpayment was released last month. It was applied to 2021 and we no longer owe for that year. They applied part of it to 2022 but not all. They allege we still owe about $15K (with interest and penalties) for 2022 (I checked my transcript today) which is more than the original amount that we owed when we filed two years ago and after about $7K was applied from the prior year. Again, our taxes were prepared by an accountant (who is nice, accurate, but not the most proactive so if I wait for him to deal with it…), there should have been no shortfall based on what we filed. Our 1040 2022 filing self reported any penalties or interest that were owed at the time of filing and was factored into what we owed by our accountant.
This morning we got about $3000 in refund checks. About $2500 for 2020 and $500 for 2021. They came from Austin, Tx if that matters. I obviously need to return them and write another letter. I will send it certified, void out both checks etc. Should I send each check separately? Is there anything else I should do? I am speaking with my TAS rep in a few weeks again. Why did we get this (kind of a rhetorical question)?
I have gotten no notices since May (when they said they needed more time to investigate 2020) and none are listed on any transcript or my account
Asking about specific mechanics, where do I sent this, do I include a letter of instruction. Is there a form to include? I know it should be voided, copies retained and sent via certified mail.
Our 2020 1040 overpayment was frozen for over two years and the entire overpayment (as originally filed) was recently released however how it was applied is still an issue. We ended up with a small refund instead of it being wholly applied to 2022. Our 1040 was filed late (but before April 15 2024) we filed 2021 and 2022 shortly after. The freeze was because of a Covid credit that was being investigated. We have been writing letters and calling since 2024 and even got TAS involved. We had a substantial overpayment in 2020 (over 15K) and owed a few $$$$ for 2021 and more for 2022. With penalties and interest the amount alleged owed for both years grew to over $40K from $15K (what was actually owed even accounting for penalties/interest).
The original overpayment should have covered both original shortfalls. While we have been threatened with levy, there is a code 971 on both 2021 and 2022 blocking from the auto levy program initiated in Fall 2024 from a phone call I made. The code is still on 2022.
Thanks to TAS, our overpayment was released last month. It was applied to 2021 and we no longer owe for that year. They applied part of it to 2022 but not all. They allege we still owe about $15K (with interest and penalties) for 2022 (I checked my transcript today) which is more than the original amount that we owed when we filed two years ago and after about $7K was applied from the prior year. Again, our taxes were prepared by an accountant (who is nice, accurate, but not the most proactive so if I wait for him to deal with it…), there should have been no shortfall based on what we filed. Our 1040 2022 filing self reported any penalties or interest that were owed at the time of filing and was factored into what we owed by our accountant.
This morning we got about $3000 in refund checks. About $2500 for 2020 and $500 for 2021. They came from Austin, Tx if that matters. I obviously need to return them and write another letter. I will send it certified, void out both checks etc. Should I send each check separately? Is there anything else I should do? I am speaking with my TAS rep in a few weeks again. Why did we get this (kind of a rhetorical question)?
I have gotten no notices since May (when they said they needed more time to investigate 2020) and none are listed on any transcript or my account
I am planning a week long trip to a location at 8600 ft later this month. Concerned about altitude as I live at sea level and we are flying nonstop
When I was young, many years ago, I had gone skiing in Colorado and Europe without a problem. However, about 15 years ago we went to Hawaii and drove up Haleakala Crater. When we got to 6000 feet we stopped and had a picnic lunch. I felt really weird and this continued as we climbed. I felt better when we got back down. Not sure if this means I am prone to AS or if it was in my head but I am very nervous. I skied in Southern Vermont earlier this year without a problem but that is only 3300 FT
I would take Diamox but I have a mild sulfa drug allergy. I am still considering it (unclear whether I am really allergic or just had a bad reaction once to another sulfa drug). I do react to sulfites in wine but again the reaction is mild and I know it is not the same. Will talk to my doctor and if I end up with a prescription will take it a couple of days before to see if I have a reaction. The other option is steroids but I would prefer not to take those.
What else can or should I do to prevent this as I still have two weeks. Planning to start aerobic exercise (probably not going to do much at this point) . Other things I have heard of (not a recommendation) taking beets, baby aspirin, ibuprofen (obviously not together with aspirin) dark chocolate, walnuts (basically what came up in my research as a lay person (and this is not medical advice or a recommendation) since this morning). I have read about coca leaves but I would assume that is not available in the US?
If anyone has specific suggestions, product suggestions or links, I would appreciate
I am planning a week long trip to a location at 8600 ft later this month. I live at sea level and will be flying non stop. Concerned about altitude. Not sure if this is the right place for this question but this is where another subreddit directed me.
When I was young, many years ago, I had gone skiing in Colorado and Europe without a problem. However, about 15 years ago we went to Hawaii and drove up Haleakala Crater. When we got to 6000 feet we stopped and had a picnic lunch. I felt really weird and this continued as we climbed. I felt better when we got back down. Not sure if this means I am prone to AS or if it was in my head but I am very nervous. I skied in Southern Vermont earlier this year without a problem but that is only 3300 FT
I would take Diamox but I have a mild sulfa drug allergy. I am still considering it (unclear whether I am really allergic or just had a bad reaction once to another sulfa drug). I do react to sulfites in wine but again the reaction is mild and I know it is not the same. Will talk to my doctor and if I end up with a prescription will take it a couple of days before to see if I have a reaction. The other option is steroids but I would prefer not to take those.
What else can or should I do to prevent this as I still have two weeks. Planning to start aerobic exercise (probably not going to do much at this point) . Other things I have heard of (not a recommendation) taking beets, baby aspirin, ibuprofen (obviously not together with aspirin) dark chocolate, walnuts (basically what came up in my research as a lay person (and this is not medical advice or a recommendation) since this morning). I have read about coca leaves but I would assume that is not available in the US?
If anyone has specific suggestions, product suggestions or links, I would appreciate
I have an adult child in grad school in a Nordic country (dual EU/US citizen). She will be coming to the US this summer for 7 weeks. She works part time for a privately owned multi national in her current country, it is a company that you have heard of. They have offices in the US as well as other parts of the world. In addition to the free EU citizen insurance in her country of residence which she gets as a resident, they provide additional private insurance which covers her in her country of residence (not sure why it is better than the regular insurance?). She did ask a few months ago and was told she was not covered while in the US.
Does that make sense? What if she was traveling for work (not something that is likely but the team from the UK came to visit her department a while back)?
Assuming this is true, are there any options for 7 weeks of insurance other than for her to buy medical travel insurance while in the US? For her prior trips I used a US based company someone posted on here (thank you!), it was under $100 per trip since she is young but fortunately, did not need to try and use it. This time it will be a little more expensive since it is longer but I am wondering if there are better options? I am paying since the first time when she bought it herself, she only got $50K worth of coverage which sadly is not enough (I bought her a policy for $2M last time).
What do Europeans normally do when they come to the US?
EDIT: If I could edit the title I would add Stairs. That is my issue as it’s the only thing that needs vacuuming regularly. I am not young or particularly strong nor do I have particularly good balance. I need something light and easy to do the stairs.
I have a two story house, had a mid price shark for the last five years or so. It needs to be replaced. I am not looking for a for life vacuum, just something for the next 5 years or so. I have three stories if you include the lower level, I do not want something too heavy to lift up and down the stairs and I need it primarily to vacuum carpeted stairs and two small rooms upstairs that are carpeted and to vacuum crevices in the furniture and under the appliances. I have a RoboRock that vacuums my first floor, which is a mix of hardwood, tile and small area rugs.
I have three dogs and I have long hair. I do not want cordless or heavy. I would like to keep it under $300 but would go up to $500 for the right vacuum. I don;t really use my current vacuum much, maybe twice a month as the rooms upstairs belong to kids that are away at school.
I am completely confused by Shark, there are Navigators, Duo Cleans and Power Cleans. What is the difference or should I just get the cheapest? Is there another inexpensive brand I should consider? I used to have the Kenmore cannisters and I liked them but its been many years