Best In Wealth - Best Practices For Real People, Investments, Retirement Planning, Money Management, Wealth Building, Financi

Have you heard of Health Savings Accounts (HSA's)? They are a government-approved tax savings tool that enables you to save money specifically for health-related expenses in a way that enables you to avoid paying tax on that money. So whatever tax bracket you are in, an HSA is one of the smartest ways to ensure you are not paying too much in taxes. Some people shy away from HSA's for a variety of reasons, but the info I provide on this episode might change your mind.Outline of This Episode[1:02] What was it like when you got hurt as a kid?[3:30] The 10,000 foot level about Health Savings Accounts (HSA's)[6:01] Did you know you can make investments INSIDE an HSA?[8:06] Who can make a deductible contribution to their HSA account?[10:26] How much can you contribute to an HSA?[13:29] Additional rules regarding HSA contributions and special circumstances[18:30] Eligible expenses that are not “doctor visit” relatedWho can use an HSA to save on taxes?Do you have a high deductible health plan, with a deductible that