• 35. Health Savings Accounts: What They Are and How to Use Them

  • Jan 18 2023
  • Length: 11 mins
  • Podcast
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35. Health Savings Accounts: What They Are and How to Use Them

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  • Summary

  • A Health Savings Account can help you prepare for potential healthcare expenses and limit the impact they have on your finances. If you have a high-deductible health insurance plan, you probably have the option to contribute to an HSA.

    The best thing about HSA funds is that they are tax-free! As long as you spend the money on legit healthcare expenses, you won’t pay federal taxes on contributions, earnings, or withdrawals. 

    In this episode, I cover all the basics of HSAs. I’ve got some real-life examples and tips for making the most of your Health Savings Account.

    Where to find me: 

    • BudgetingBlocks: livewealthynow.com/budgetingblocks
    • Blog: livewealthynow.com/blog
    • FREE resources: livewealthynow.com/resources 
    • Instagram: Hannah Moore (@everyday_money)
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