The REAL Truth Behind An HSA - Life Changing Benefits
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- เผยแพร่เมื่อ 26 มิ.ย. 2024
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Thank goodness the audio wasn’t as bad as video… I still listened to whole thing… great info!
Did Mark use McDonald’s wifi to record this?
😂😅
Most wifi is trash for streaming live, hardwired ftw. Also that you can use the fancy camera plugged into the laptop but maybe he did that but still on WiFi which would be even worse
😂
😂
Haha!!! IKR
They should make an HSA for everyone to eventually replace or supplement Medicare, medicaid, etc in the future.
I think George W Bush suggested it…… and was practically crucified for it……….
Gr8 point
Having to Live with one of the worse sickness can be exhausting but I still have to believe I can be healed.
That’s nice, I have Been diagnosed with a cancer and I will definitely need her help and would also want to know how to get in touch with her. I hope she cures other sickness also?
Thank you a lot you are a life saver. I have found her website on the internet.
Great info.
I always thought that is you did not use the money in the HSA, you would lose it at the end of the year. My CPA is worthless.
So nice
Pro-tip: actually take and write notes while he’s talking - that way you can listen and look at your paper while contemplating what he’s saying. Sheesh... the video isn’t integral to the information.
I love what you said❤❤ most people aren't hungry enough for the information so they'd rather complain
The quality of the video doesn't diminish the value of what he's saying 💯
Nobody is going to be able to save and compound grow a health episode... Whatever you have saved and grown, its.goong to be wiped out in three extraordinary health incidents. A high deductible seems like a word until that bill comes to raid your cash.
Need to redo this. Audio and video was bad on my enf
HSA is an awesome topic everyone should know about and using in their financial plans. The poor video was really distracting and hard to watch thru to the end.
Can it be a private insurance plan with a low or no deductible ?
I have an FSA that I'm getting rid of this year. I hate the use it or lose it factor.
if I have health insurance thru my current employer......and they do not offer an HDHP........do i just drop coverage and go find HDHP elsewhere? Where would i find an HDHP outside of my employer?
I have also seen where you can take out a low cost accident policy which can help meet deductible when needed in certain scenarios>>>>>>>💯❤🔥
One thing I worry about is that if you "invest" your HSA, what happens if you have a couple of horrible stock years, or terrible real estate investments, etc? Investments for something as serious as health insurance is extremely reckless. Can you put the HSA in anything super non-risky, yet have some growth?
Can you have an HSA and at the same time have a traditional health insurance policy?
I have Liberty Health share It is a Christian health Sharing system does it qualify as a HDHC Plan for an HSA
What a nice potato camera Mark, where did you buy it?
Dang are you recording in 780p or something? I can’t even read the notepad 🤦🏽♀️ 😅
You need to do this video again since the quality is very bad and hard to see and follow.
What is the magic # that starts a high deductible?
He stated $1400 in the video.
@@tracyhendenshott7119 thxs! Must've missed it
11:23 to 12:30 provides incorrect/misinformation. Due to the passage of the CARES Act, Starting Effective January 1, 2020, a doctor's prescription for reimbursement is no longer needed
I will reply a link to the IRS. I would put it in this comment, but so frequently links are automatically censored in reply.
If the link isn't here, it should be a simple Google of " IRS Cares Act OTC HSA"
Fairly new rule
Q: can you only pay self Healthcare bills and those you file taxes with? Example: can you pay for parent who is not dependent on your tax filing?
No, it only covers whoever is covered by the HDHP.
Cant hear you
I wish we could have a HSA.
What happened to this video? It looks like it was uploaded in 1998 lol
Too blurry
You mentioned how much the person could put in in the next 4 years. Does eligibility automatically end at age 65?
Yes, eligibility automatically ends when you are eligible for Medicare.
Just be careful. They call it “ high deductible” for a reason. If you frequent the doctor or need to have expensive medical procedures you’ll be paying out of pocket for much of the expenses so all the money you’re putting into it will just come back out again.
But at least you get a deduction for an HSA contribution where, most likely, you wouldn't by paying medical directly.
Call and change payment to a payment plan. Most all medical facilities will allow you to go on a payment plan to pay less then your monthly deposit into your HSA so that way your HSA is always funded.
@@MSMCPA💯💯
But your fees are high ..l and if you’re a seasoned investor with predetermined valuations for purchase one could miss the boat. ADP allows you to do self directed as long as you inest 30% with them. You guys need an App or some sort of technology upgrade … filling out paperwork for a trade is so 1970s
??
Would you recommend it still for a family with high medical bills? For example in 2023 I had 2 medical stay in hospital due to stroke, my total bill for 5 days 1st stay, and 4 days 2nd stay was a whooping $100k. Thanks God my out of pocket was 3.6k with a low deductible plan. Imagined I had an HSA with HDP? I would have ended up with a very expensive bill. It would have taken me at least 15-20 years to reach my $100k in a HSA. So it’s not always the best option
My HSA cap is 7K
You need to better educate yourself on how HDHPs work with their deductible and out of pocket max. They all have out of pocket max provisions of $5k to $13k yearly depending if it is individual/family or in network/out of network. No HDHP out there would stick you with a $100k hospital bill. The positive narrative behind HDHP is they are great if you are never sick or always sick. Their benefits are hit or miss those in the middle. For your situation it would be absolutely fantastic.
Your HDHP insurance would have paid your hospital expenses just the same as your low deductible insurance with the exception of a little more money out of pocket with the HDHP. A couple of years ago my wife had a serious medical emergency that landed her in the hospital for almost 3 weeks and I have a HDHP insurance plan with an HSA and the bill was $120,000 that my HDHP paid for minus the $6,000 out of pocket deductible. Your math is very off with the numbers you're throwing out there as you're making the comparison that having an HDHP insurance plan is the exact same thing as having zero health insurance coverage. Technically under the HDHP plan your hospital stay would have been covered with one years worth of saving with the HSA to pay your deductible, NOT 20 years, and that HSA draw would be completely income tax free which you can't say that for the $3,600 deductible you paid with after tax dollars. For my medical insurance that I get with my employer the low deductible plan's monthly premiums are double of the HDHP plan premiums, so if I don't spend $600 a month in health services which is pretty much every month I'm not waving goodbye to wasted money spent in unused premiums just to enrich the insurance company off my back. The money I save in half insurance premiums every month with the HDHP I keep more of my hard earned money and deposit the cost difference between the low deductible and the HDHP plan right back into my pocket into the HSA. I'm not even going to expound on the fact that my employer also kicks in $1,000 a year of their own money into my HSA (free money) which is money you don't get to see with your low deductible plan. You do you, but for me I absolutely love my HDHP and HSA as I now have tens of thousands of dollars invested with Charles Schwab investment account in my HSA for whatever emergency that might creep up. Oh and if you suddenly find yourself unemployed and you have to find your own insurance plan like Cobra your HSA will also pay those monthly premiums for you. Who wants to fork out $1,000+ a month when you're unemployed when every dollar counts just so you can have health insurance. This is why HSA aren't widely used is because people don't know what they don't know.
Content is great but video and audio quality is garbage.
I would have no idea. I couldn't even follow the content it was so unbearably bad.
Don't watch with your eyes, follow with your ears
Why’s the quality so horrible on some of these vids? Makes it super hard to follow…
The video has terrible resolution and the volume is super low even when maxed out.
Great info on HSAs , however Obama care sucks.
repost video