Hey everyone, welcome back. It's Finance Friday, another special edition of Money Girl.

This is the show where I answer your money questions. We love getting them, so please keep them coming.

Today's topic actually comes from a really good friend of mine who I'm going to keep anonymous.

She said, I've had an HSA for years and recently realized that my balance was earning a little

interest, but that it should have been invested all this time and earning more.

Are there any other common HSA mistakes that I should know and avoid?

My friend's question is an excellent reminder that to utilize tax-advantaged accounts, such as a

health savings account or HSA, to their fullest potential, there's a lot to know.

This podcast will review seven costly HSA mistakes to avoid. Welcome back. It's

episode 955 of Money Girl. I appreciate you downloading the show and spending some time with me.

I'm Laura Adams, an award-winning author, on-camera spokesperson, money speaker, and founder of the money stack. That's my

substack newsletter. You can learn more, find out how to work with me, ask money questions,

and sign up for the money stack when you visit laura d adams.com. All right, so I'm sure many of you

have heard of a health savings account or HSA, but I'm going

to give you just a quick review, you know, in case this is something you're not familiar with.

And HSA is a medical savings account that allows owners to make withdrawals for qualified

health care expenses for themselves, spouses, and dependents.

But you can only contribute to an HSA if you're enrolled in a high deductible HSA qualified health plan.

You can purchase an HSA qualified health plan through your employer or independently,

like through health care.gov or a state insurance marketplace or a private insurance broker.

And that's typically going to be the case if you work for a company that doesn't offer a health

plan or perhaps you're self-employed.

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