The HSA Benefit Most People Completely Miss

Once you open up that HSA account, you'll never lose the money. This is where the HSA shines. So when you go to your employer and choose your insurance plan, or even if you're an entrepreneur, a small business owner, when you choose your health insurance plan, make sure this is an HSA qualifying plan. Another mistake is that I'm going to set up my HSA plan with my insurance company. They don't care. They don't offer HSA plans, they just offer the insurance plan. Then you're going to go online to your bank or to directed IRA and set up a health savings account. Like you might set up an IRA or a Roth account with a broker dealer, like a Wall street plan. So you're going to go set up your HSA somewhere else than you set up your health insurance.