If you're like me, you likely have some gripes about the high cost of health care and health insurance,

not to mention how exceptionally difficult navigating the system can be.

Well, one thing I can't complain about is a medical savings account designed to reduce the cost of health care.

That's a health savings account, or HSA.

This podcast will review who's eligible to contribute to an HSA, how it helps you significantly reduce taxes, build wealth, and cut the cost of just about any

health care expense you pay out of pocket, even if your insurer doesn't cover it. You'll learn

how to maximize an HSA's money-saving benefits now and in the future. Hey, everyone, welcome back

to Money Girl. This is episode 948. I really appreciate you being here and

spending time with me. I am so grateful for this community. If you're new here, I'm Laura Adams. I'm an

award-winning author, a spokesperson, money speaker, and founder of The Money Stack. That's my

substack newsletter. Subscribers automatically receive my

money success toolkit, which includes the exact templates I use to manage my money. You can learn

more, ask questions, and sign up for the Money Stack at laura d.adams.com. Or you can leave a voice

message with your question or comment by calling 302-364-0308.

I'd love to feature your question on a Finance Friday.

That's our weekly Q&A bonus edition of the show.

So an HSA is a tax-advantaged medical savings account that allows you to pay a very wide range of

qualified health care expenses like medical, dental, vision, and hearing care costs entirely tax-free.

However, the trick is that you must have an HSA qualified health

plan, and that always comes with a high deductible in order to qualify for an HSA. And I'll explain

more about these health plans in a moment. But the very unique benefit of an HSA is that not only can you spend it,

including like your investment earnings in the account, on qualified health care expenses,

...