New HSA Rules in 2025 You Need to Know

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Information New HSA Rules in 2025 You Need to Know

Title	:	New HSA Rules in 2025 You Need to Know
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One correction with the marginal tax rates: brThey should've shown the differences between the ladder from 10 to 12, 22 to 24, etc I didn't catch it until after it was already presented, but I want to make sure it is addressed in the comment section It was presented correctly in the other tax video, but this one showed the incorrect numbers
Comment from : @FIREPsyChat

How can I reimburse my prepaid medical expense from HSA? I thought I needed to use HSA to pay directly to medical institutions
Comment from : @momoo3804

I’m super confused with the high deductible plan language definition I have both an in and out of network ppo deductible In network 3200 family and out of network 3700 family Do I qualify? 😂
Comment from : @donniethesportsguy893

Can you use internationally? I travel to Europe every other year and would be nice to have HSA funds to cover any foreign medical emergencies
Comment from : @badhalf

Yeah, the tax bracket info is wrong I’m not sure why you would post those numbers because it is a progressive tax 😢
Comment from : @jenniferbmendezful

Hi, my HSA is closed, and I contact customer care, but they don’t provide any information And they told me to contact employers, and I contact HR, they say to contact customer care And again they say to contact customer care
Comment from : @Mesrad464

Can I get an hsa without having an employer?
Comment from : @rboxstudios5898

Wait Fidelity just told me that HSA can only be used for healthcare throughout my whole life So at age 65 you can cash it in??
Comment from : @firstis6889

My employer just started offering high deductible plans , I wish they did 10 years Maxed it out 2024 and investments up 20 percent
Comment from : @fonsotrilla09

You can trade options inside your HSA as well Options trading is not for everyone but there is plenty of content in how to do the easy trades Of you are under 30, just put it in an S&P 500 ETF and never worry about it Compounding will take care of you
Comment from : @TIB1973

While HSA itself is good, the high deductible plan that comes with it may not be for everyone brIf youre someone is who not in great health snd cant afford to pay medical bills up to 8k OOP for family, a regular PPO with FSA may be better
Comment from : @katprowler6805

Hi very new to HSA, thank you for the video I am confused on your spreadsheet, the part that states "personal contribution," why does this increase? I thought we could only contribute up to a specific amount every year?
Comment from : @mrsarmstrong8368

UMB Bank is taking $625 a month out of my account! This incredibly insane!! My HSA got moved to UMB and they’re literally taking my money now since my paycheck deductions no longer go into that account it goes into the new HSA my carrier has!
Comment from : @enigmathegrayman2953

to have an hsa you would have to make quite a lot of money and unfortunately, many americans cant afford an hsa the game is rigged against the little guy
Comment from : @Ka1217

I need advice how to invest brHow to get consultation from your office
Comment from : @vtazudeen9786

HSA is great, but I can't find any plans that qualify that are not complete garbage
Comment from : @shortythefrenchie

Thank you, this is wonderful information!
Comment from : @cyncity6873

@FIREsyChat can you make a video on HSA domestic partner loophole?
Comment from : @revolution5124

what deductible dollar amount is considered a high deductible to open an HSA
Comment from : @KentJohnston-w8o

I get my pay 760 biweekly so how much I should contribute to HSA
Comment from : @nekkantiramamurthy2351

do you have to have high deductible health insurance to contribute?
Comment from : @tomcarney-w5g

How do I reach out if I have a specific HSA question?
Comment from : @PakZa808

Can you used your hsa im your adult child’s medical expenses?
Comment from : @goodkarma1903

There is an error here The HSA has three tax benefits, pretax in, pretax out, and lower taxable income, potentially lowering your tax bracket The last one is why I max out my contributions each yearbrInvestment profits fall under the pretax out category if you follow the rules The HSA is the best tax advantaged account in my opinion if you use all of its benefits
Comment from : @bubb-ht6hh

So if I invest my HSA money in index funds and a few years later I need it for medical expenses can I sell those index funds and use the cash with no taxes for the medical expenses?
Comment from : @audreywolski8555

I m confused here, with hsa we are saving around 20 tax and instead of using it for medical emergency why to use money which is after tax one? Just to wait for money to grow on an average of 8 that too not guaranteed Can some one explain
Comment from : @vdvchannel

How to starting getting reimbursed when reaching age 65? Are you uploading all 20 years of medical and dental receipts to HSA accout to submit all theee 20 years of claims?
Comment from : @jessieyang6079

Once you turn 65, you can use the money in your HSA for anything you want If you don't use it for qualified medical expenses, it counts as income when you file your taxes
Comment from : @Galileo63

Is everyone allowed to open an HSA or we have to follow some sort of rules? Thanks
Comment from : @tamle8463

I found a Barclays MC that saves me 2 on ALL medical expenses I use this to avoid taking $$$ out of my HSA I never touch the $$$ in it
Comment from : @briand1694

My wife has FSA for the family, as we use her employer's insurance Can I add HSA on my payroll ?
Comment from : @Kshanikam

75625 Purdy Springs
Comment from : @JordanCash-n8h

The 3 accounts method is the first thing that came to mind for me as well for a system to take care of this stuff Awesome video!
Comment from : @paulmorang8340

I’m very glad I found you You’re a really good teacher!
Comment from : @deeelisa1890

Is it true that an employer HSA saves you more on taxes versus a self directed HSA? Heard employer HSA doesn't pay social security tax but other does
Comment from : @goated4eva

Can anyone open and contribute to an HSA?
Comment from : @ljrockstar69

I invest my HSA, except an $1800 cash buffer for use We max every year, and I consider it my Medical EF My employer even contributes $1,000 annually!
Comment from : @valerfree

The tax info is all for pretax, HSA… I’m contributing to an after tax HSA Ate the benefits similar?
Comment from : @obietravels652

I will never understand why anyone is barred from continuing an HSA at 65 if they take Medicare A even if they are still working Makes NO sense to me
Comment from : @Liam69400

I like HSA, but I definitely don’t like the high deductible plan In my opinion, the high deductible plan is only good if you are healthy I enrolled for the HDP one year, beside the annual exam, I have to pay hundreds dollars for doctor’s visits because of the high deductible
Comment from : @kellyzhou7337

I have a HSA question Currently I have a HDHP (2024), this plan will continue through all of calendar 2025, but due to a company layoff, I may need to switch plans in early 2025 as we will be moved to COBRA (still with the same HDHP), however if COBRA costs are unaffordable I might need to change coverage which may cause me to lose my HDHP at that point (let's say March 2025 for an example) Since I will have my HDHP in place in early 2025, can I fully contribute to the max in Jan 2025 to cover my 2025 contributions, even though I may have to move from a HDHP later in 2025?
Comment from : @straitjacketstudios

I have ALS and am on short term disability until Jan 2025 Can i contribute in January 2025 for year 2025? If so how do I do that?
Comment from : @drewcwsj

has nothing to do with 2025
Comment from : @oxanac9715

I didn’t know Medicare premiums were reimbursed…
Comment from : @AL-ns5jc

This video was way longer than it needed to be
Comment from : @Yugiboii

I'm glad they didn't have hsa back when my wife needed two hospital stays, 80,000 and 60,000 bills we could never pay were just went away or insurance took care of it years later If I had a hsa at the time it would have been wiped out
Comment from : @Llepsdog

Health care system here’s totally rigged and nobody cares
Comment from : @Rajphotos_usa

I didn’t know that you can go back to previous years for reimbursement That is great info
Comment from : @CharlotteCarMoments

Question, As far as receipts, will my yearly statement from my health insurance provider for claims, what they paid and what I owed be accepted as a receipt for expenses paid out of pocket in order to reimburse myself down the road? I use my HSA strictly as investment tool until I retire and right or wrong have been making that assumption
Comment from : @fentinea

Seriously? I can saved the recipes and withdraw from HSA years later?? That's new to know!!
Comment from : @tracychan6618

oh my goodness, your idea is to not use the HSA to pay for medical expense now but pay it out of pocket and let it grow like an Roth IRA But have you considered that the $27000 you paid today but got it back like 15 years later, the $27000 lost value as well due to inflation Maybe as well use that after tax money to fund the actual roth ira account or 401K roth or after tax 401k with in plan conversion
Comment from : @datbio7302

I would like to contribute to an HSA, but I am military retired and have Tricare and VA medical insurance From what I can research I do not qualify to contribute to an HSA because of that I hear people contributing to HSA that have VA medical and or Tricare, is there a work around to will allow this? Am I missing something because an HSA is a great way to build wealth
Comment from : @jayebee303

10:24 I didn’t know we could use our HSA for dental work My benefits manager told me I couldn’t
Comment from : @letsgobrandon1719

Do medicare ask to see your assests to determine if you qualify?
Comment from : @Hi-jx5oe

My employer contributes $1000 a year to my HSA at the start of the year, which is awesome :)
Comment from : @mofreeman223

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification I'm hoping to invest about $350k of my savings in stocks against next year Hope to make millions in 2024
Comment from : @AngelWilliam-vg5rw

So you are supposed to have all this money to fund an HSA, to fund two savings accounts? Who has that kid of money? Secondly what if you have very few medical expenses and a larger HSA fund?
Comment from : @esbiermann62

What is the expense ratio? Plus, how much does Fidelity charge?
Comment from : @adry729

I have a question about HSA accounts I know they cover medical bills, but can I cash out for personal use, like with a 401k or Roth IRA?
Comment from : @rkem1000

This is an excellent video I learned a lot here
Comment from : @jenniferwise7975

I am using my HSA to save for Long Term Care expenses if I ever need them or paying my Medicare B premiums when I am 65 This can be a great way to save for those expenses
Comment from : @bige3969

I’m hearing conflicted information on things HSA can be used for Some people are claiming they’ve been allowed to use for gym memberships and nutritionists, is there a list of things that are “qualified medical expenses”
Comment from : @Bryan-om3wq

hi i have question about Hsa if i live in California Can you explain what are the difference? 1 i wonder can i use this for my tax deduct when i do income tax? 2 if i sell the stock that i invest but i dont put dont use it yet do i have to pay tax ?
Comment from : @bossmanxll1023

Love my HSA! But I do use it to pay receipts when the market is up Even used it for braces for the kids! Of course, when the market is down I don’t withdraw Fortunately we’ve been relatively healthy so it’s grown a fair amount
Comment from : @jessymadsen2699

Optum min cash is 500
Comment from : @DeepSleepRhythms

This is my first year having an HSA I did my full contribution at once since I don't get it through an employer I invested it all in SCHD and I'm basically at break even 😭
Comment from : @iposttvshows

I am 66 and working full time I have Medicare can I open a has acct
Comment from : @helenibrahim6330

Lively is who i use for my HSA It doesnt require a cash balance to invest, i just roll my employer HSA plan over once per year
Comment from : @Rastebb

I did not overlook this i chose not to do it because i don't like paying over $1000 a month in health insurance That would leave me a lot less to invest in general
Comment from : @Roarshak94

I wish I could have an HSA
Comment from : @sarsarsvintagejewelry

Perfect timing for this news Thanks for covering this update!!!! 😊
Comment from : @pchygrl17

Could you please explain what you mean by reimbursing yourself? Like how?
Comment from : @botruong5083

That tip about calling the hospital biller was gold Never thought of doing that! My son had an ER bill for $3,000 Investing in my HSA, so had to pay OOP 😢 Called and asked for a discount and they gave me 30 off the top, took me just 5 minutes 🎉 Thanks so much!
Comment from : @andrewschumacher9127

What if you’re dirt poor
Comment from : @MaritsaDarman

This is awesome information Thanks for sharing
Comment from : @jmizer88

I just get a box of bandaids to cover my medical emergencies in order to not touch my HSA 😂
Comment from : @enigmathegrayman2953

My employer only offers an FSA account, which can't used as a Roth IRA after 65 Would a post-tax HSA account be worth it? Do we still have to pay capital gains taxes if we choose to withdraw after 65?
Comment from : @408Machine

Curious, I’m pretty sure the employer match is not included the the limits I could be wrong here, can you do some digging? My source was from HSA bank back in maybe 2023brbrAlso, paying out of pocket isn’t entirely the best financial decision Put it on a payment plan at zero percent and pay it off when your account has recovered Don’t pay these figures with post tax dollars if you don’t have to We are in tax arbitration at this point, keep it simple and use the dollars for what they are meant for
Comment from : @pnic4540

Question If i go $10 dollars into the 22 tax bracket Do I get the 22 back from my contribution I will be retiring soon and will contribute max in cash into my account each year What determines getting the 12 percent back or the 22 back???
Comment from : @richm4769

Dude goes straight from "I didn't understand how the US progressive tax system really worked" immediately to "become my personal client" for financial advice Good on him for being humble, but yeah, I'll pass
Comment from : @JustinAZ

🎉 I'm David and I love my health savings account😂😊
Comment from : @davidbrooks8809

Thanks! Using HSA to pay bills 30 years afterwards may not jive with inflation A $500 bill today will seem like $05 30 years from now Am I wrong?
Comment from : @davidcloyd1296

You cannot write off out-of-pocket medical expenses unless you paid more than 75 of your annual gross income in said expenses Paying medical expenses out-of-pocket and losing out on the tax deferred benefits of the HSA is not smart and it's bad math If you are making a profit doing what you are saying, you are committing tax fraud, and I would probably avoid posting a video about it or maybe you need to explain better what you're doing Not only that, but you cannot claim medical expenses AND take the standard deduction, you need to itemize This is assuming you are paying less than 75 AGI, like I mentioned, like most US citizens will be
Comment from : @logandaniels5

The thought is nice but most people are just living paycheck to paycheck Always have a plan and a back up plan This would be good once you got your emergency fund set, investments going and have extra cash left We know what people are going to do when they have extra money Spend it like no tomorrow
Comment from : @kungdu