Do You Have an HSA Account?

Do you have an HSA account? Have you considered how to use this account later on after retirement?

Depending on your age, the planning for retirement living can be an interesting topic. One area to consider is your dental health. Many people who have dental insurance consider dental appointments as something that someone else will “pay for”. There is a very real, and abrupt awakening once the insurance is gone. Some people just say they cannot afford dentistry any more, and stop their preventive visits. The big problem is that dental visits are even more important later in life; to eliminate them is to ensure big headaches (or, really, toothaches).

One creative way to plan for your dental health in retirement is with your HSA account. Each year, try to contribute the maximum amount to this account, but DO NOT SPEND IT. Each year, you can fatten up that account and let it earn interest (measley as it is, it still grows). Just pay for any of your medical/dental costs as you pay for anything else. As the years go by, you will accumulate a nice bundle of dollars. Remember, the contributions to this account are Pre-tax, so they help to reduce your tax responsibilities (at least this is still how it works as of the date of this post). Once you get into this habit, it is very easy. You will never miss the dollars put into the HSA account. If you need some reassurance along the way, just view your bank statement occaisionally to monitor its growth.

Again, depending on your age, try to “fast forward” to your retirement date, and try to visualize your first post-retirement visit to your dentist. How comforting it will be to see your dentist and your hygienist; you already know you will be able to afford those appointments. By continuing to make your preventive appointments, you will keep your dental health in great shape. Just imagine how wonderful that will feel.

As you go in for your dental check ups now, listen to your dentist and your hygienist and understand what you need to do to stay healthy. Plan for what your dental needs may be in your future, particularly after retirement.  Remember that you and your dentist are partners in deciding your dental future. After all, what else can impact your life as much regarding your enjoyment of meals, your conversations, your smile and, don’t forget, your kiss!

If you like this suggestion for planning for your dentaln needs , contact us for an appointment: