EP 295 – HEALTH SAVINGS ACCOUNTS WITH A. HOLLONDS FROM QUEST IRA

[Scott Carson]

LISTEN TO EPISODE 295 HERE

In May 2017, the Federal Reserve published that 44% of Americans would not be able to pay a $400 unexpected medical bill. Anne Marie Hollands from Quest IRA talks about the basics of Health Savings Accounts and how you can take advantage of it for unexpected medical expenses. Anne Marie explains basically the HSA works as a plan where you can pay for your medical expenses tax-free. In order to qualify for it, you have to have a high deductible health plan which has to be HSA compatible. Find out what HSA plans you qualify or don't qualify for, the health coverage you can structure, the contribution limits, and everything else the HSA has to offer so you can properly take advantage of its benefits.