Yes. I was going to suggest something very similar, using a fake commodity
and some level of discipline. Basically, when you spend on health care,
decrease A / increase B some other pair of accounts, and when you withdraw
from the HSA, decrease B / increase C. B tracks how much $ you should be
allowed to withdraw from the account at any time.
A: Expenses:Healthcare:Spent
B: Assets:BalanceClearedToWithdraw (choose a better name)
C: Expenses:Healthcare:Withdrawn
Commodity: HSAUSD ("HSA withdrawal dollars")
On Mon, Nov 16, 2020 at 11:14 AM Aaron Lindsay <[email protected]> wrote:
> Why does the cost basis of the investment in your HSA matter in terms of
> tracking the amount you can withdraw?
>
> My understanding is that the amount you are allowed to withdraw is
> accounted using the cash value you withdraw *at the time you make the
> withdrawal*. If my understanding is correct, you would not need to account
> the cost basis of your investments in the HSA any differently than any
> other brokerage. The accounting of how much you are allowed to withdraw
> could be done independently.
>
> What if you setup two accounts like:
> Expenses:Medical:HSA-Qualified
> Expenses:Medical:HSA-Withdrawn
>
> And whenever you incurred a qualified medical expense, book it against
> 'Expenses:Medical:HSA-Qualified'. Then, whenever you pull money out of your
> HSA, move that same amount to 'HSA-Withdrawn'? It would probably be
> preferable to come up with some way to tie the two events together, but I
> haven't conceived of a simple way to do so.
>
> -Aaron
>
> On Sunday, November 15, 2020 at 6:56:26 PM UTC-5 Ryan Mulligan wrote:
>
>> Hi.
>>
>> In the USA, you can fund a Health Savings Account (HSA) with pretax
>> dollars that you can invest. If you incur a qualified medical expense, you
>> are allowed to withdraw money from the HSA account tax free. As long as you
>> properly record them, you can withdraw money equal to these expenses at any
>> later date tax free.
>>
>> In my particular case, almost 100% of my HSA balance is invested in a
>> stock market ETF.
>>
>> How would you set up accounts to track the amount you can withdraw from
>> the HSA account tax free? It seems like maybe it has to do with setting the
>> cost basis of the ETF in the HSA, but I wouldn't be surprised if that was
>> overly complicating things.
>>
>> Sincerely,
>> Ryan Mulligan
>>
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