09.12.23 Open Enrollment & The New HSA / WARNING: The Many Faces of Private Placement Investing

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 12 September 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

As the enrollment period for health insurance approaches, an underused option offers new opportunity involving the best savings plan offered in America. Clark explains. Also, another entity promising big returns in real estate made off with investor money. Clark amplifies his warning against private placement investing - which comes in many forms, including this crowd funding real estate company gone bust. Is An HSA Right For You? Segment 1 Ask Clark: Segment 2 Beware Private Placement Investing: Segment 3 Ask Clark: Segment 4 Mentioned on the show WSJ - The Healthcare Plan Most People Should Buy—and Why They Don’t WSJ: Couples Can Soon Put Over $10,000 a Year Into Health Savings Accounts What Is an HSA Account and How Does It Work? Raisin Review: Can You Trust This Online Savings Marketplace? Price Drop on Used Electric Cars: Is Now the Time To Buy? Real-Estate Deal Gone Bad Hits Popular Crowd Funder - The Wall Street Journal. Should You Buy an Extended Warranty on Your Car? Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm so glad you're with us here on the Clark Howard Show.
0:08.1	You know, our mission is to serve you and empower you with knowledge so you make better
0:15.2	financial decisions in your life.
0:18.3	In this episode, we're on the edge of when the first companies start requiring open enrollment
0:25.9	for health insurance.
0:28.1	I want you to think about some options you may not have, and want to talk about some
0:34.2	new opportunities.
0:36.6	Also later, something that's not an opportunity yet another company promising to help you
0:44.9	make big money in real estate has flown the coop with all its investors' money just
0:53.2	gone with the wind.
0:55.5	So healthcare is so hard for us.
0:59.4	Truth be told, those of us that have health insurance from an employer are really
1:06.2	privileged to have that, because the employers subsidize so heavily the premiums for the
1:14.2	insurance we get.
1:16.4	You as an employee see that deduction from your paycheck every pay period, and you're
1:23.1	like, wow.
1:24.4	Well, how much my paycheck is going to healthcare?
1:27.8	And the reality is that may be only 10 or 25% or 50% of the actual cost the employer picking
1:37.3	up the rest.
1:38.7	The premiums are really, really high.
1:41.7	But the funny thing is you and I with the portions we pay, most of us are paying more
1:47.8	than we should, because the truth is we would save more money, most of us, in an HSA
	...

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