What is a Health Savings Account and How Does It Work | Why You Need a HSA

When I got my first job I had no idea was a HSA was and I never used it, but I signed up for it anyway.

Today’s video is going over, what is a HSA, why you need a HSA, what are the advantages of a health savings account, and health savings account for single people!

Timestamp
0:00 Introduction
0:08 What is a HSA?
0:49 Contribution Limits
1:24 Also a Retirement Account
1:42 Tax Free Growth
2:12 Tax Free Withdrawals
2:23 Pre Tax Contributions
2:51 No Income Limit
3:25 Covers Medical Expenses
4:27 Rolls Over to Next Year
5:06 After Age 65..
5:45 If Your Job Doesn’t Offer a HSA..
6:06 Free Money
6:39 Investing your HSA
8:47 Ending

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Disclaimer: I don’t have any formal financial background or training. I’m just someone who wished someone had taught me about finances when I was younger and I want to share what I’ve learned along the way. 😊

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