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Is It Really All About the Benjamins?
November 7, 2018
The Wellness Map | Amy Salman
November 21, 2018

HSA: Don’t Keep the Doctor Away!

“With an HSA, you can invest whenever you want – so technically it can grow at 4 or 5% every year.” –  $mart Women Invest

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We sit at desks all day.

And if we’re not exercising, our backs may start to hurt. Pretty soon we’re at the doctor, and an MRI is recommended, or maybe physical therapy. This is when we pull from the HSA, that tax-deductible fund we’ve been contributing to while being employed.

Today, on the $mart Women Invest podcast, we are discussing the HSA. When we contribute money to our HSA, we are saving for our future health expense without paying taxes. While maintaining great health is always a priority, also having a healthy HSA keeps the emergency cushion ready for impact.

Tune in to this episode to learn the ins and outs of HSAs, so you know how to best contribute and prepare for your future.

“I’ve literally bypassed 40% taxes.” -$mart Women Invest

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Points to Keep In Mind

  • The smaller your employer the more expensive your HSA will be
  • The IRS deems a high-deductible plan over $1300
  • If you know you’re going to be having high medical expenses soon, put more money in your HSA
  • It’s okay to keep money to spend, don’t put all your money into every taxable savings department (HSA, IRA, etc.)
  • Meditate to separate your work from your personal life

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