Episode Synopsis "Health Savings Accounts (HSAs): S2 E1"

Not to be confused with a Flexible Savings Account (FSA), a Health Savings Account (HSA) is a powerful tool in the finance universe. Often available with select plans from your employer, an HSA is an account used to deduct funds pre-tax from your paycheck. The funds are earmarked for future medical expenses once saved, but in the interim, they can be invested and will grow tax-free. When the funds are used for an eligible medical bill in the future, no taxes are owed either. That’s right: An HSA is triple-tax-advantaged and the only account that is.

Listen "Health Savings Accounts (HSAs): S2 E1"

More episodes of the podcast Brian’s Budgets

• Evaluating the Revamped AMEX Platinum Card: S2 E3
• Understanding Retirement Account Types: S2 E2
• Health Savings Accounts (HSAs): S2 E1
• Budgeting Your Side Hustle: S1E7
• Budgeting with My Wife: S1E6
• Getting Started with Budgeting: S1E5
• Budgeting with Envelopes: S1E4
• Budgeting to Pay Off Debt: S1E3
• Budgeting for Your Vacation: S1E2
• Your Budget is Your GPS: S1E1
• Brian’s Budgets (Trailer)