In this video I explain what is an HSA (Health Savings Account), we review the 2021 HSA Max Contribution Limits, and I share many of the benefits of contributing to an HSA. Additionally, some people aren't exactly sure what you can use your HSA for - so I am including a link to IRS website below for a detailed list of Qualified Medical Expenses for HSA's and I also mention several Qualified Medical Expenses in the video.
Each October, November, and December...it's OPEN ENROLLMENT SEASON and if you are curious to learn more about HSA's and getting a better understanding of how they work, then you'll like this video as well as my follow up video where I compare a HDHP vs PPO.
IRS Publication 502 (Qualified Medical Expenses): [ Ссылка ]
IRS Publication Announcement for 2021 HSA Limits: [ Ссылка ]
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OTHER VIDEOS YOU MAY LIKE
High Deductible Health Plan VS PPO for 2021: [ Ссылка ]
Tax Rates: Marginal vs Effective Tax Rates: [ Ссылка ]
Tax Bracket Management: [ Ссылка ]
401(k) - Roth 401k vs Pre-Tax 401k: [ Ссылка ]
401(k) - How Aggressive Should it be: [ Ссылка ]
401(k) - Should I...Borrow from my 401k: [ Ссылка ]
Traditional IRA vs Roth IRA (for $200k+ income): [ Ссылка ]
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ABOUT ME 👇
I've been involved in people's financial decisions for 15+ years (7 yrs Real Estate experience & 8+ yrs as a former Financial Advisor)...I now bring the financial successes, mistakes, failures, and best financial habits/tips to you through these videos.
My mission is to bring Financial Awareness to the forefront of your daily decisions so you can: improve your quality of life, increase your net worth, and grow upon your financial literacy. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, entrepreneur, and of course...my experience as a Former Financial Advisor.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.
#HSA
#FinancialPlanning
#HealthInsurance
DISCLAIMER: I am not a financial adviser or a certified public accountant. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
