Health Savings Accounts | IRA-to-HSA Rollovers | Part 6 of 10

Purchase Link For The 2024 Tax Return Preparation Class Here:

Purchase the Personal Tax Planning Template Here:

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Common Questions About HSAs (Health Savings Accounts):

- What is a Health Savings Account (HSA)?
- How does an HSA work?
- What are the benefits of having an HSA?
- How much can I contribute to my HSA in 2024?
- What is the difference between an HSA and an FSA (Flexible Spending Account)?
- Can I use my HSA for non-medical expenses?
- What happens if I don’t use my HSA funds by the end of the year?
- How do I qualify for an HSA?
- Can I contribute to an HSA if I’m self-employed?
- How can I open a Health Savings Account?
- Can I use my HSA to pay for prescription medications?
- Is there a penalty for withdrawing money from my HSA for non-medical expenses?
- Can I invest my HSA funds?
- Can I use my HSA to pay for dental or vision care?
- Can I transfer money from one HSA to another?
- What happens to my HSA if I change jobs or health insurance plans?
- How do I know what medical expenses are eligible for HSA reimbursement?
- How do I track my HSA contributions and withdrawals?
- What happens to my HSA funds if I retire?
- Can I use an HSA to pay for long-term care expenses?

00:00 Introduction
03:02 HSA Deduction in the Personal Tax Planning Template
08:47 How HSA Distributions "Should Work" to Maximize Investment Return
16:12 IRA to HSA Rollover

#healthandwellness #healthsavingsaccount #hsa