u/FishingAdventurous93

As the title says, I just opened an HSA and want to confirm that I am eligible before making contributions and getting hit with penalties. I (21M) just graduated college and am starting my first job where I'll finally have disposable income to invest. I am already planning on maxing my Roth IRA and 401k match, but I figured I'd open up an HSA as well to maximize my tax free investments. I will most likely be using this as a retirement account rather than reimbursing my medical expenses. I've done a lot of research and believe I am eligible, but would love for you guys to help me confirm for my peace of mind! Some info/questions about my situation:

• Covered only by a HDHP which is under my parents' family plan
• Will NOT be claimed as a dependent
• Parents contribute to their own HSA - from my understanding I am also able to contribute as long as it's a separate account (which it will be), please tell me if I'm wrong on this!
• I will not be contributing through my employer, so from my understanding I contribute just as I would in my Roth IRA, and I am able to get the tax deduction when filing taxes?
• Am I able to contribute up to the family limit or individual since this is technically only my account and I'm an individual?

Any help or advice would be greatly appreciated!

Hey everyone, I am a 21 year old getting ready to start my first “real” job. I would like to open an HSA as a retirement investment account (defer my reimbursements) ASAP and am wondering if I will be eligible. I am fortunately making enough to max out my Roth and employer 401k match, so I feel like an HSA is the next account to open.

My only issue with this is that I can remain on my parents insurance for the next few years, so I’m not sure if it’s necessary other than as a means of investing my more tax free money. For context, my parents have a high deductible plan and contribute to an HSA themselves. They’re saying I could most likely remain double covered (stay on their insurance as well as my employers) and still contribute to an HSA but this doesn’t make sense to me.

I would have the option to enroll in a high deductible plan through my company at no cost to me, so does it make more sense to just have my parents take me off their plan? I also have a brother on their plan so they’re telling me they’d save no money by taking me off as it’s the same amount since it would remain a family plan.

I honestly don’t understand insurance at all so any help would be greatly appreciated! I am looking to invest the most money I can tax free so just felt like an HSA makes sense.

I took FAR 6/11 and am honestly not positive how to feel about my score. SE scores were 74, 76, 82. I felt solid going in because of the becker bump, but when I finished it almost felt like I had either bombed it or done very good

In testlet 1, I was so stressed out I felt like I couldn't focus super well and would assume I missed some questions I shouldn't have because of that (flagged ~8). Testlet 2 I finally settled in and felt like it went better but I still flagged ~5 questions. I was able to get most of the questions I was unsure of down to 2 answers, but still don't feel as good as I would like to about MCQs.

I also felt like sims went decent, but of course I didn't get a sim on the 3-4 topics I felt most confident in and reviewed the most. Luckily I wasn't completely lost on any of them and know I at least got partial credit, but I know I definitely made some mistakes (I definitely agree with others here about becker sims not comparing much with the actual exam).

If anyone has been in a similar situation, do you feel like it makes more sense to move on and start studying for my next section or do some review of FAR in case I failed?