HealthyWealth is paving the way for a longer, healthier life using AI and your financial accounts - starting with your HSA.
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Hear hear
Max out your HSA/FSA account this year. If you are working to prevent or reverse a chronic condition, ask your doctor for a Letter of Medical Necessity (LMN) for lifestyle interventions before a prescription for a pill. Exercise, healthy food and supplements are often the best interventions - and count for tax-free spending if recommended by a physician. If your doctor doesn’t know how to write an LMN, get a new doctor and use Truemed
The smartest protocol: "Maxing it out year after year and investing will create a valuable tax-free retirement medical expense account," said Jim White, a certified financial planner in Pottstown, Pa. "I tell folks to contribute to their 401(k) up to their employer match, then max out their HSA and then max out their 401(k) if they still have the money. HSAs are that beneficial." #HSAInvesting #Healthspan #Wealthspan
What do a new IRS rule interpretation and explosive growth in ICHRA popularity mean for the future of health savings accounts? Click below to find out! #HSAInvesting #Healthspan #Wealthspan
Even before the November 5th national election, new trends and data pointed to a significant shift in the health savings account landscape, elaborated in the below blog post. (subscribe the the HSA Intelligence Newsletter from HealthyWealth to receive an updated post-election analysis, coming soon. Link in first comment below.) #HSAInvesting #Healthspan #Wealthspan
The title is slightly misleading (HSAs aren't for the wealthy only!) but this is a very good primer and backgrounder on the health savings account. #HSAInvesting #Healthspan #Wealthspan
It's true. If your HSA provider is not a broker-dealer, it can't do broker-dealer things. And if your HSA provider is a huge broker-dealer, it's not prioritizing relatively smaller health savings accounts and the many opportunities this type of account facilitates. It's time for an alternative. #HSAInvesting #Healthspan #Wealthspan
Financial Planning recognizes that Morningstar ranks only one HSA provider as "high quality" but only scratches the surface in its explanation of why - I'll fill in the blanks: Fidelity Investments is the only "high quality" HSA provider because it is the only broker-dealer provider of HSAs. Every other provider is built upon the infrastructure and philosophy of being a spending account, rather than an investing account. Spending account platforms are designed to generate revenue when the customer spends the funds or leaves idle cash in the account. Spending accounts are easy, brokerage accounts are complicated. HealthyWealth was created to leapfrog both types of HSA account.
Personal Finance Expert, Multimedia Journalist, Adjunct Professor, Health & Wellness Advocate.
What's the difference between an FSA and an HSA? It’s a frequently asked question during open enrollment. ?Flexible Spending Account (FSA) vs Health Savings Account (HSA): How should I pay for health care expenses? ??Morningstar's director of finance Christine Benz told me the tax benefits of an HSA are "unmatched"! Why? ??Read this article that I co-wrote with Stephanie Dhue to learn more about these accounts: https://lnkd.in/g4P82jCr #healthcare #openenrollment #FSA #HSA CNBC #CNBCYourMoney Devenir, Empower, Internal Revenue Service, Life Planning Partners Inc, MetLife, Voya Financial Todd Katz, Carolyn McClanahan CNBC Workforce Executive Council
Creator of Alex & Books | I share book reviews, summaries, and tips to become a better reader. | 1M+ followers on social media
This is the most mind-blowing book I've read this year. It's written by an ex-Stanford doctor and ex-food lobbyist who expose the medical, food, and pharmaceutical industry. 12 Shocking lessons from "Good Energy" by Casey Means, MD and Calley Means:
?? ??♂? Happy HSA Day! ??♀? ?? #HSAInvesting #Healthspan #Wealthspan
?? Today is HSA Day in the USA ?? . I strongly recommend reading this insightful, informative article from William G. (Bill) Stuart in its entirety. Here are some of the most eye-popping stats: **As of June 30, 2024, there are about 37.6 million HSAs, growing at a compound annual rate of 12.2% over the past decade. **Total assets in HSAs have increased at a 19.3% compound annual rate, with investments growing at an impressive 33.5% annual rate, showing increased participation in long-term investment. **The proportion of HSA assets held in investments rose from 13% in 2014 to 42% in 2024, indicating a shift towards using HSAs for long-term investing. HealthyWealth #HSAInvesting #Wealthspan
Christine Benz of Morningstar: "For high-income investors, the high-deductible healthcare plan/HSA combo is close to a no-brainer." ...more at the link below: #HSAInvesting #Healthspan #Wealthspan