Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - HSA eligibility requires enrollment in a qualified High-Deductible Health Plan (HDHP) and not being enrolled in Medicare. - HSAs feature a powerful triple-tax advantage: tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses. - The 2026 HSA contribution limits are $4,400 for self-only coverage and $8,750 for family coverage, with an additional $1,000 catch-up contribution for individuals 55 and older. - A critical exam trap is the 20% penalty plus income tax applied to non-qualified withdrawals for individuals under age 65. - A new rule allows individuals with certain Direct Primary Care (DPC) arrangements to remain eligible for an HSA, creating a new testable exception. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep