EXPENSIVE HSA Mistakes To Avoid - Health Savings Account Warnings

Описание: **Lively has started charging $24 or forces you to hold a minimum of $3,000 in their HSA. Due to this change, I do NOT recommend them any longer. Please do not use this company. A Fidelity HSA is currently free at this time**

In this video, we'll go through some of the biggest HSA mistakes people make. A Health Savings Account is a great way to pay for medical expenses as well as invest for your future, but there are quite a few fine details you're going to need to be aware of to avoid any potential problems.

Here is the original HSA video you should watch before or after this one:    • The Real TRUTH About An HSA - Health Savin...  

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Here are some of the topics we'll cover in this video:

Importance of tracking receipts for your HSA and how to do it: To be able to cash in on any health savings account money in the future you're going to need to keep track of your medical receipts. This is especially important for the people who are investing their HSA money since they're not going to be withdrawing money until many years into the future.
Withdraw expiration date: There is no time limit for when you can cash in a receipt. There is no expiration date. If you invest the money today and plan on withdrawing in 30 years then there will be no issue.
Medical expense withdrawal rule for a health savings account: You can only withdraw money from your health savings account starting when you first enroll in a high deductible health plan.
Will you use all of your HSA money on medical expenses?: We can't see into the future, but in this part of the video, we'll go through a report from Fidelity laying out how much they expect people to pay for medical in retirement.
Much more including topics around health savings account studies, HSA stats by age group, and much more

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Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money. If you need help then contact a Certified Financial Fiduciary before trying anything that is mentioned in this video. I prefer a Fiduciary financial advisor that charges an hourly fee as opposed to an ongoing fee based on a % of your portfolio. Always remember that incentives determine the type of advice they give you so one that charges an hourly fee is less likely to be problematic.