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Money Girl

Tips for Using a Health Reimbursement Account (HRA) to Save Money

Money Girl

Macmillan Holdings, LLC

Business, Investing, Education, Entrepreneurship, How To

4.61.8K Ratings

🗓️ 20 March 2024

⏱️ 18 minutes

🧾️ Download transcript

Summary

Find out how HRAs work, are different from other medical savings options, and how to use one to dramatically cut the cost of healthcare and save more money.

Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.

Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at 302-365-0308.

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Transcript

Click on a timestamp to play from that location

0:00.0

From expensive over-the-counter medications to prescription drugs to high co-payments when you see the doctor,

0:11.2

health care costs can take a massive bite out of your budget.

0:14.8

Fortunately, there are ways to cut those expenses using various tax advantage plans and

0:21.1

medical savings accounts.

0:22.8

This podcast will review a terrific benefit

0:25.6

an employer of any size can offer,

0:28.2

a health reimbursement arrangement,

0:31.3

also known as a health reimbursement, account or HRA.

0:35.0

I'll explain how HRA's work, how they're different from other options like an

0:40.3

FSA and HSA, and how I use one to cut the cost of health care and save more money.

0:46.2

Hey friends, thanks for joining me this week.

0:48.5

I'm Laura Adams, an author of Financial Spokesperson and Money Speaker hosting the Money Girl Podcast since 2008

0:55.1

with over 42 million downloads. I'm also the founder of The Money Stack, a

1:00.2

weekly newsletter and community helping you build your bank account on your terms.

1:05.2

It includes each week's podcast, money tips, tools, things I'm enjoying, cool art, and invitations to live educational events like my upcoming

1:16.0

AMA asked me anything called savvy tax planning strategies to save money.

1:22.4

My co-host will be tax expert and

1:25.1

financial planner Andy Panko CFP. If you have questions about paying or

1:30.3

reducing your personal or business taxes or maybe you're unsure about few or

1:33.0

maybe you're unsure about future financial issues like selling real estate,

1:38.0

retiring or getting an inheritance,

1:40.0

don't miss this live event.

...

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