How to Prepare for HSA System 2025 Updates! Key Changes You Need to Know

Описание: How to Prepare for HSA System 2025 Updates! Key Changes You Need to Know

Stay up to date on the latest HSA changes for 2025! Learn about HSA eligible expenses, the difference between HDHP and PPO, and how these updates could affect your FIRE (Financial Independence, Retire Early) goals.

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★☆★ABOUT THIS VIDEO★☆★
0:00 Intro
0:22 HSA Basics
1:38 2025 MAX HSA
2:33 Qualified Medical Expenses
3:34 Maximize Your HSA
4:29 HSA & HDHP
6:19 Group Insurance
7:02 Marketplace Insurance

If your employer has over 50 full-time employees, they must offer health insurance and COBRA. COBRA lets you keep your employer-sponsored health insurance for a set time after leaving the job. You and your dependents can continue with the same insurance unless you choose to make changes. When you sign up for COBRA, it’s like a new open enrollment, so you can adjust your coverage if needed.

You’re usually eligible for COBRA for up to 18 months, which could be an option if you retire early. However, COBRA can be expensive. With group health insurance, your employer covers at least 50% of premiums, but with COBRA, you pay the full cost plus a possible 2% administrative fee.

Another option is marketplace insurance, which can fill the gap after COBRA ends. Unless you're near Medicare age, you'll need other coverage. Marketplace insurance covers all essential benefits as per the Affordable Care Act. More info is available on healthcare.gov.

You can enroll in marketplace insurance during the open enrollment period, typically Nov. 1-Dec. 15 (with some states offering extensions). Use healthcare.gov to browse and filter plans based on your needs. You may also qualify for a special enrollment period.

Marketplace insurance offers comprehensive coverage but can be more expensive than employer-sponsored plans. However, many qualify for tax credits that can significantly reduce monthly premiums.

A good money saving option is short term medical insurance.

Positives:
They’re much cheaper than traditional health insurance. A healthy single person can get a plan for under $100/month. These plans offer similar benefits as ACA plans, like doctor visits and prescription coverage. You can enroll anytime, and in many states, plans last up to 36 months. They also provide nationwide PPO coverage.


Negatives:
These plans may not be ideal for those with expensive pre-existing conditions, as they won’t be covered in the first year and may never be. Pregnancy is not covered, and they’re not suitable for people with young children due to frequent doctor visits. Also, they’re not available in all states.

Many states offer programs for those with low income. Contact your local Medicaid office for more details.

For any questions, contact iHealthBrokers at 888-410-0344 or visit https://ihealthbrokers.com/.

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questions answered in the video :
What is the Triple Tax Advantage of an HSA and how does it benefit me?
How does an HSA contribute to retirement planning and what are its long-term benefits?
What is the difference between FSA and HSA, and which is better for me?
How do I qualify for an HSA and what are the eligibility requirements?
What are the IRS rules and contribution limits for HSAs in 2025?
How can I use my HSA to save on taxes and reduce healthcare costs?
What is the role of Marketplace insurance in relation to HSA, and when should I consider it?
How does a High Deductible Health Plan (HDHP) work with an HSA, and what are the benefits?



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