Is a Health Savings Account Really Worth the Hype (Spoiler...Yes, It Is)

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 18 September 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this solo episode, I cover everything you need about Health Savings Accounts, aka HSAs. This episode was inspired by six listeners who all wanted to see if they should have an HSA. Also, there are a lot of questions about what precisely an HSA is, how one works, and how you can use it. I'm covering it all, including a conversation with Rida Wong from hsastore.com. LINKS Hsastore.com Health Savings Account 101 CONNECT WITH SHANNAH Looking for Money Coaching? Book a complimentary 20-minute call with Shannah to learn more https://savvycal.com/everyonestalkinmoney/comp Healthy Wealth Program for Women https://etmpod.link/healthywealth Ask Shannah questions - submit your question here https://etmpod.link/askshannah Follow me on Instagram Leave a 5-star Review here https://ratethispodcast.com/etm Subscribe to our YouTube Channel https://www.youtube.com/@EveryonesTalkinMoney SPONSORS Thanks to Money Picked for sponsoring the show. To schedule a FREE meeting to figure out your next financial steps, go to http://www.moneypickle.com/etm. Thanks to ASPCA for sponsoring the show. To explore coverage, visit ASPCApetinsurance.com/ETM. Thanks to Mint Mobile for sponsoring the show. To get your new 3-month premium wireless plan for just 15 bucks a month, go to http://www.mintmobile.com/ETM . Thanks to OneSkin for sponsoring the show. Get 15% off OneSkin with the code ETM at https://www.oneskin.co/ Thanks to Quince for sponsoring the show. Go to http://www.quince.com/etm for free shipping on your order and 365-day returns. Thanks to NerdWallet for sponsoring the show. Don’t wait to make smart financial decisions. Compare and find smarter credit cards, savings accounts, and more today at www.nerdwallet.com. Thanks to Monarch for sponsoring the show. After trying out Monarch for myself, I understand why it’s the top-rated personal finance app. Listeners of this show will get an extended thirty-day free trial when you go to www.monarchmoney.com/ETM. Thanks to EarnIn for sponsoring the show. Just download the EarnIn app in Google Play of the Apple App store and use code Talkin Money under Podcast. Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm and use code ETM to get $20 off your first order. Thanks to DelelteMe for sponsoring the show. Today get 20% off your DeleteMe plan when you go to www.JoinDeleteMe.com/ETM and use promo code ETM at checkout. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	There are days when you're hungry for McDonald's.
0:04.0	Then there are days when you're Big Arch hungry for McDonald's.
0:08.1	You'll get to know the difference.
0:09.9	New Big Arch for Big McDonald's hunger.
0:15.4	Until 9th of September, from 11 a.m.,
0:17.7	participating restaurants only, subject to availability.
0:20.1	Hey, it's Shawna, and welcome to everyone's talking money.
0:32.0	Welcome back to the show, my friends. So good to have you here.
0:35.9	We're going to talk about a topic today that a lot of people
0:38.5	have a lot of questions about. In the last couple of months, I have gotten questions from
0:44.0	Teresa and Robert and Susanna and Jamila and countless other people about health savings
0:50.4	accounts and HSAs, what they're kind of their street name, if you will. And there's a lot of
0:56.2	confusion about, A, what is a health savings account? What does it cover? Why would I even need one of
1:02.5	these things? So I thought, let's just devote an episode to it. We had Rita from the HSA store on,
1:10.0	I want to say, April, maybe May of this year. And I understand
1:15.3	health savings accounts maybe aren't the sexiest topic to talk about. But I'm going to tell you
1:22.0	they are really, really sexy. Like in the land of money, there are a lot of things that are super sexy. A health
1:29.8	savings account is very sexy. So let's try and work through what it is, why you might even
1:37.5	want this thing. And then I'm going to plug in some pieces from the interview with Rita.
1:42.5	And she does a really great job of describing what you could
1:45.7	spend your health savings dollars on. And so I'm going to piece some of that in here. I think
1:51.7	it's a really great interview. And if you've heard it before, it's just a little reminder of,
	...

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