Health savings accounts, known as an HSA, are growing in popularity and for good reason. Health insurance plans seem to get more expensive every year while offering less coverage. 

In this episode, Alex sheds light on 6 key attributes of an HSA account and why it's a powerful planning tool that freelancers should evaluate and consider utilizing in their financial strategy.

In this episode, you'll also hear:

• Triple tax benefits of using an HSA account 
• Understanding HSA eligibility requirements and contribution limits 
• How HSA funds never expire, gap year benefits, and what counts as a medical expense 

Must-listen moments: 

[00:02:17 ] First, you get a deduction on your taxes for money going in. Secondly, money left inside of the accounts grows continually tax free. Third, one day when you use them for medical expenses, when withdrawn, you won't owe any taxes on the withdrawal.

[00:05:23 ] Furthermore, what is awesome about HSA accounts is there is no income limit to be eligible to contribute. You can make as much as you want in any calendar year and still get the tax deduction for contributing to an HSA account.

[00:08:53 ] You need to know that the medical expense uses are far broader than you may think. It is more than just your standard hospital bill or health insurance expenses or premiums.

Visit www.freelancefinancefix.com for more info

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