Women's Money Wisdom artwork

Episode 188: Understanding Health Savings Accounts with Melissa Joy

Women's Money Wisdom

English - October 10, 2023 10:00 - 19 minutes - 13.7 MB - ★★★★★ - 11 ratings
Investing Business Society & Culture Relationships money wisdom weekly financial women and money cfp financial planning dexter ann arbor michigan Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed


Ever wondered why a Health Savings Account (HSA) is often described as the holy grail in personal finance? Co-hosts Melissa Joy and Melissa Fradenburg  discuss the nuts and bolts of HSAs and high deductible health plans in this episode of Women's Money Wisdom Podcast. We're delving into the potential savings from lower premiums and employer contributions, and the importance of striking a balance between present and future medical costs. We also talk about the unexpected out-of-pocket costs that may catch you off guard if you’re more familiar with traditional health plans.


Resources:

Learn more about   Pearl Planning.Connect with Melissa Joy, CFP®Read Hacks for Your Health Savings Account. Register for our Fall Economic Update and Investment Outlook.Register for our Year-End Planning Webinar

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Data Sources: Capital Group, RIMES, Standard & Poor's.