Thanks for visiting our personal finance channel! We hope this free content will help fast-track your financial journey! Please note that there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances. Everyone's financial journey is different. If you wish to set up a consultation call & discuss whether we can help you on an individual basis, please complete the Work With Us form on our website: www.diamondnestegg.com 🎯 GRAB YOUR FREE FINANCIAL GOAL SETTING & BUDGETING TEMPLATE! www.diamondnestegg.com 👉 POPULAR PLAYLISTS Life Insurance: ruclips.net/p/PLsv_4H5rP97EiTHj1jmUf5wJn0uNbC8Gf Health Insurance: ruclips.net/p/PLsv_4H5rP97G31qabRU8Ip5i5LpckLeVk Retirement: ruclips.net/p/PLsv_4H5rP97Ezg5K3FXLsBS8Xz2JCGiAI Annuities: ruclips.net/p/PLsv_4H5rP97FD58emP6HEQCX_dIBRTaEg Health Savings Accounts (HSA): ruclips.net/p/PLsv_4H5rP97GCjXFBKBNSrFySsXv-mDrS Student Loans: ruclips.net/p/PLsv_4H5rP97H4ZLmfeYfnpeGvgRhHOVlZ Investing: ruclips.net/p/PLsv_4H5rP97HtL67HFjg5sFkvKz0sYxPj Credit Scores & Paying Off Debt: ruclips.net/p/PLsv_4H5rP97FXfO4p_MvsHPxHGyR6HbES Best Credit Cards 2021: ruclips.net/p/PLsv_4H5rP97GuQFQJQXplrxoI1oNzRol9 Budgeting for Beginners: ruclips.net/p/PLsv_4H5rP97GiJsE9l3xk7XVSgN0UqpxS Emergency Funds & Saving Smarter: ruclips.net/p/PLsv_4H5rP97HAQN6--XeMyXgKyXOfMuXW
Thank you so much. I am moving companies from a PPO that covers all my daughters medical expenses to a company with High deductible HSA and HRA plans. With my daughter I am for sure going to be paying my out of the pocket maximum per year with the HRA so why not also get the HSA to pay the out of pocket maximum tax free.
What if like me you are 70 yrs, still working as a nurse for school system after retired from the hospital and would like to get HSA for future medical expense. Is it possible since the employer doesn't offer it? Thank you for sharing your wealth of info.
You're welcome. As we understand it, you can open one on your own. Some of our clients have one with Fidelity, but you still need to meet all the requirements (e.g., having an HDHP, not enrolled in Medicare, not claimed as a dependent on someone else's tax return, etc.).
Still confusing to me. My employer also offers some sort of awarded points for doing certain things... Like getting your steps in by putting your Fitbit on your dog. Lol. Not sure on how that point system works either. No one at work is very knowledgeable in the healthcare options.
In a nutshell, if: 1) your employer offers an HSA, 2) you have an HSA-eligible high-deductible health plan & 3) you can afford the HSA contributions, you should take them up on their offer. AND if they offer an HRA, you should take that as well - your employer funds this, so why not? Versus an HSA which is funded by you (unless they offer you some sort of matching program). Just ask your employer what they offer - someone there should be able to tell you this.
Thanks for visiting our personal finance channel! We hope this free content will help fast-track your financial journey! Please note that there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances. Everyone's financial journey is different. If you wish to set up a consultation call & discuss whether we can help you on an individual basis, please complete the Work With Us form on our website: www.diamondnestegg.com
🎯 GRAB YOUR FREE FINANCIAL GOAL SETTING & BUDGETING TEMPLATE!
www.diamondnestegg.com
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Thank you, Bless you!
Thank you so much. I am moving companies from a PPO that covers all my daughters medical expenses to a company with High deductible HSA and HRA plans. With my daughter I am for sure going to be paying my out of the pocket maximum per year with the HRA so why not also get the HSA to pay the out of pocket maximum tax free.
Thanks for the info!!!
Your welcome!
Very helpful!
Thanks - glad it was useful!
What if like me you are 70 yrs, still working as a nurse for school system after retired from the hospital and would like to get HSA for future medical expense. Is it possible since the employer doesn't offer it? Thank you for sharing your wealth of info.
You're welcome. As we understand it, you can open one on your own. Some of our clients have one with Fidelity, but you still need to meet all the requirements (e.g., having an HDHP, not enrolled in Medicare, not claimed as a dependent on someone else's tax return, etc.).
Still confusing to me. My employer also offers some sort of awarded points for doing certain things... Like getting your steps in by putting your Fitbit on your dog. Lol. Not sure on how that point system works either. No one at work is very knowledgeable in the healthcare options.
In a nutshell, if:
1) your employer offers an HSA,
2) you have an HSA-eligible high-deductible health plan &
3) you can afford the HSA contributions, you should take them up on their offer.
AND if they offer an HRA, you should take that as well - your employer funds this, so why not? Versus an HSA which is funded by you (unless they offer you some sort of matching program).
Just ask your employer what they offer - someone there should be able to tell you this.
do you know if people have HSA and HMA's?
HSA money grows? I had not heard this.