8 Game-Changing Facts About HSAs I Wish I Knew Sooner
Episode 23
In this episode, Kelley Long shares valuable insights about Health Savings Accounts (HSAs) and the lessons she learned about health insurance that changed everything about her choices and, really, her whole life. Reflecting on her early experiences, she highlights common misconceptions around high-deductible healthcare plans and the potential benefits that many people overlook, particularly those in good health. This is super important to better understand because getting this right could make early retirement or at least a mini-retirement or career sabbatical possible.
Kelley introduces eight key facts about HSAs that most people don't know, including their portability, rollover options, and tax advantages. She also discusses how HSAs can be a strategic tool for managing future healthcare costs, de-coupling health insurance coverage from a job and maximizing savings for retirement.
Tune in to discover how to make the most of your HSA and why it might be worth re-evaluating your health insurance options during open enrollment!
Followup resources to support this episode:
The ins and outs of IRA-to-HSA rollovers: https://www.journalofaccountancy.com/news/2022/nov/the-ins-and-outs-ira-hsa-rollovers.html
3 Common HSA Mistakes to Avoid: https://www.financialblisscoach.com/post/3-common-hsa-mistakes-to-avoid
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