Episode 154: Making a Health Savings Account Part of Your Retirement Plan
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Show Notes
Back in Episode 80 I talked about Health Savings Accounts in conjunction with some high deductible health insurance plans through the Affordable Care Act. An HSA is a great idea if you have one of these plans.
However, since I have been talking about retirement planning and saving lately, I wanted to revisit this great savings option, as these accounts can serve two purposes: protect you from medial costs in a high deductible health plan and help you save for retirement at the same time. Find out how in this episode!
In this episode you will learn:
- What an HSA is
- The pros and cons of having one
- Who can set one up
- Who can contribute to one (and how much)
- How an HSA helps with retirement planning
- Is one right for you?
But to learn the most, talk to the HR person with your employer and/or a financial professional to get the right advice for you.