What is an HSA? Health Savings Accounts Explained!

What is an HSA? If you’re on the path of investing for your future, then you’re probably looking for any tax savings you can find. Well, in this video I’m going to share why HSAs, or Health Savings Accounts, are one of the best tax savings vehicles you can have. But unfortunately, they’re not necessarily for everyone, and there are a few things you should be aware of before jumping in the HSA pool.

Also, how are HSA’s different than FSAs? Which one has the better tax advantage? What day is it? What did you eat for breakfast last Tuesday? So. many. questions!

Confused? Not to worry! I’m Kim and on this Finance Spark video I’m going to explain the basics of HSAs and why, when, and how you can use them to save for the future. Ready? Let’s go!

Videos mentioned:

401k vs Roth IRA vs Traditional IRA (A COMPARISON)

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This video is not investment advice, and is meant for entertainment purposes only. The links above may include affiliate commission or referrals. We participate in affiliate networks and may I receive compensation from partner websites. The information in this video is accurate as of the recording date but may or may not be accurate in the future.

[FinanceSpark]

Even though HSAs might not be ideal for your situation, understanding what they are and how best to use them definitely gives you informational ammunition for your future. Do you invest in an HSA? Do you think they’re a great way to save money? Do you have any advice for how best to use an HSA? Share your ideas in the comments below!

[howtoatoz]

Great Video. Learned a lot about HSA and how it works and the Benefits of HSA. Thanks for sharing this video.

[chotapackbadadhamaka]

I think they're a great way to save money

[anismahat]

Very helpful and informative video. You explained basics of HSA, 3 tax advantages of HSA, eligibility criteria of HSA very nicely. Thanks for sharing.

[grm]

This is a great explanation. I appreciate your content. Thanks for sharing with us.

[Small_Potato]

Tax savings is really important, especially for investment in the future. HSA has many great benefits. The funds will grow and work by itself that we can use to cover medical bills, even when we are retired. We are also not taxed on money we contribute, which is great to generate wealth. Thank you so much for explaining what HSA is and how HSA works, this video is so informative!

[kyeemz]

Saving on taxes is quite significant, particularly for future investments. HSA offers several wonderful advantages. Even after we retire, we can still use the assets that will grow and work on their own to pay for medical expenses.

[techgenius]

Tex free benifits of seving account knowledge is very informative

[fafdad-gwbk]

This is the video I was looking for thanks for the help

[MOONLIGHT-xqln]

THANKS FOR A LOT OF SHARES LIKE THIS INFO ABOUT "HSA" WITH YOUR SIMPLE PRESENTATION..

[DS-LAIKA-]

I was able to learn a lot of valuable things. A video like this is very valuable at a time like this.

[carolnjeru]

Didn't know HSA is tax free!! Glad I came across this video

[danielvillanueava]

A very good explanation in the video. It describes everything clearly. Here you will learn all the basics about HSA and its usage and how it's beneficial for you.

[tharindunuwan]

so valuable video. got lot valuable facts

[IvanoCrypto]

The tutorial explained the HSA concept.. Very helpful content.. Thanks for sharing.

[makrovedigital]

good explanation, before i watch this video i was confused about the definition of HSA, thanks to you i have now a clear picture of what HSA means and how to benefit from it

[polrobinson]

This very valuable video. Thanks for sharing this excellent video.

[anna.edward]

Amazing video I think everyone should watch this video and Learn more about HSA, this channel is full of positive content

[sibinsebastian]

I am really thankful because you made a video of What is an HSA? Health Savings Accounts Explained!...I really want this useful video..Thanks for sharing!!!👏💖💖

[kalanasankalparath]

hey thanks for the video. i really looked up for some tax saving methods in the past few days. and here it`s. Kim explains all the facts clearly and directly on to the point. Thanks for the video.