If you use a High Deductible Health Plan (HDHP)* we strongly recommend you take advantage of your Health Savings Account (HSA).
A HSA is a way to save income tax-free that can be used toward your future medical expenses. Your income is deposited pre-tax into your HSA. You can then invest the money with no tax on investment growth and when you withdraw the funds you pay no tax if the monies are used for medical expenses.
As financial planners, we get excited about maximizing your money and a HSA can be a great tool! Give us a call if you need assistance determining if a High Deductible Health Plan with HSA is right for you and how much you should be depositing into your account, 865-240-2292.
*High Deductible Health Plans (HDHP) are also commonly referred to as Health Savings Plans (HSP)
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this video will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio. Moreover, you should not assume that any information or any corresponding discussions serves as the receipt of, or as a substitute for, personalized investment advice from Leading Edge Financial Planning personnel. The opinions expressed are those of Leading Edge Financial Planning as of 11/14/2018 and are subject to change at any time due to the changes in market or economic conditions.