{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The YMyHealth Podcast | Wellness and Healthcare Insights for Millennials","title":"Healthcare and Retirement Planning: How to Make the Most of an HSA","html":"","width":"100%","height":180,"duration":2425,"description":"What if the money you set aside for healthcare could also help you build wealth for the future? In this episode of the YMyHealth Podcast, Co-Host Julie Woon is joined by financial advisor Jeremy Woltz, who breaks down how health savings accounts (HSAs) work and why they can be one of the most powerful tools for building wealth while covering medical costs. Woltz, who is a financial advisor with the Main Street Group in Richmond, Virginia, explains who can use an HSA, how it differs from an FSA, and how to decide whether to spend or invest the money. We discuss practical strategies for young professionals, parents, people with chronic conditions, and anyone trying to use healthcare dollars more efficiently.\n🎧Tune in now to learn about the biggest mistakes people make with HSAs, how to easily do receipt tracking, and about making the most of an HSA in your retirement years.\nHighlights:\n(00:00) Welcome to the YMyHealth Podcast\n(00:35) Meet Jeremy Woltz and the focus on HSAs\n(01:16) What an HSA is and how it works\n(02:00) Why younger adults should care about HSAs\n(03:04) HSA versus FSA explained\n(05:02) Who may not be a good fit for an HSA\n(06:17) The triple tax advantage\n(07:21) Qualified HSA expenses, including therapy and fertility care\n(08:24) What happens if you use HSA funds for non-qualified expenses\n(09:40) When to invest HSA money versus keep cash\n(10:46) Annual contribution limits and employer contributions\n(11:39) Where the HSA fits in a broader financial priority list\n(13:39) Using an HSA as a stealth IRA in retirement\n(14:49) Downsides and limits of the long-term strategy\n(17:05) Real-life scenario: healthy 28-year-old\n(18:16) Real-life scenario: 35-year-old with kids\n(19:32) Real-life scenario: chronic condition or regular prescriptions\n(20:31) What happens to an HSA when you change jobs\n(21:35) What to do if your employer does not offer an HSA plan\n(22:42) How married couples should think about HSAs\n(24:38) The out-of-pocket reimbursement strategy...","thumbnail_url":"https://img.transistorcdn.com/7_-hWX0mIHf2oitks5WsIkKMYhsb1h9cceeY-ZBYJ3I/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9hZWI0/ZjRhN2U0ZmY0YWY3/ZWUwZDc3N2M5NmJj/ZGYzZi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}