90: HSAs 101, Health Savings Accounts with Evan Prokup of HSAedge
Evan Prokup is the man behind HSAedge, a leading website on Health Savings Account (HSA) information. HSA are savings accounts for medical expenses which are triple tax-advantaged and allows holders to lower their cost of medical care over time. HSA contributions can be invested in a wide variety of assets and can even be used in retirement. During the episode, Evan explains the fundamentals of Health Saving Accounts (HSA) including its aspects and benefits. He also explains the HSA triple tax advantage, eligibility, investment opportunities, and income requirements. This episode answers all the basic questions you have on HSA which helps you decide in opening up an account. Where we are: Sam - Nevada Johnny - Nepal Links: Website - HSA Edge Email - evan@hsaedge.com Discussed: ILAB 31 – The Landlord: How I Acquired 485 Properties in 12 months Time Stamps: 04:35 – How he took interest in HSA? 05:47 – The background of HSA 07:02 – What is HSA? 09:43 – Aspects of Triple Tax Advantage 11:53 – Record Keeping 13:50 – Allowable yearly contribution 17:13 – Who is HSA eligible? 25:39 – Investment opportunities through HSA 30:28 – Qualified Medical Expense 34:30 – Socialization of medical care 37:39 – Investment options for HSA 42:24 – Income requirement for contributing to HSA 45:14 – Downsides of HSA 48:05 – Contribution dates 49:12 – Transfer to a beneficiary If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.