Should I Save Or Spend My HSA Money?

Given the triple tax-advantaged nature of Health Savings Accounts, it makes sense to maximize their benefits by investing your contributions.

But when you incur medical expenses, is it better to spend the money out of the HSA right away or leave it in the account as long as possible.

In this video, Curt reviews several HAS strategies and how each one informs how and when you use the money in your account.

00:00 - Start
01:40 – Spend Your HSA With Expenses
02:52 – Save HSA Money, Reimburse Later
04:00 – A Little of Both
05:27 – Wrap Up

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Disclaimer: This video is for information and entertainment only. None of the contents should be considered legal, accounting, or other professional advice. You should reach out to a qualified professional before making your own financial decisions.

I try to respond to comments and questions, but I will never provide personal advice through YouTube.

[Vic-ikri]

I would pay for the expenses and seek reimbursement later to take advantage of the tax free growth.
Do we still have time to invest on 2023 HSA like it is with ROTH IRA?

[rolan]

I am currently paying outside of the HSA account, saving receipts with intent to claim against the HSA in the future. My concern, however, is that 10-20 years down the road the dollar value claimed on the receipts will be diminished due to inflation. Any thoughts on this?