Liz joins this week’s podcast, and we delve into the many reasons why HSAs, or Health Savings Accounts, are awesome! We explain what an HSA is, the requirement of a High-deductible health insurance plan (HDHP) to participate, and the annual limits the IRS sets. Additionally, we share four reasons why HSAs are an incredible financial tool and how to maximize their benefits. We explain the triple-tax advantages that HSAs provide and some often overlooked benefits and loopholes.
Show References:
- Liz Gets Loaded podcast – Episode #3.4 Six things you didn’t know about your HSA Health Savings Account
- friends on FIRE podcast #062 – How to choose the right medical insurance at work
- friends on FIRE podcast #128 – Creative ways to save on medical expenses
- friends on FIRE podcast #059 – The amazing tax benefits of FSAs, HSAs, and DCAs
- friends on FIRE podcast #139 – Medical insurance in early retirement (part 3 of 5)
- friends on FIRE podcast #169 – Liz gets loaded, Maggie gets chatty, and Mike’s along for the ride
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