Episode Details

Opening a Health Savings Account (HSA) sounds like something that requires hours of research and a dozen decisions. In reality? After putting it off for almost a year, Cassidy finally opened one in eight minutes.

In this episode, we’re sharing exactly how we opened, funded, and invested our HSAs — from choosing a provider to deciding how much to keep in cash versus invest. We also talk about when it makes sense to use your HSA for medical expenses today and when you might choose to let that money grow for the future.

✨ Episode Highlights ✨

• [00:00] Why HSAs can be so powerful — and why investing the money is worth considering
• [03:30] How we chose where to open an HSA and set up contributions
• [06:30] A real-life look at our HSA investments (and realizing we may have some adjustments to make!)
• [09:00] Putting off opening an HSA for almost a year — only to get it done in 8 minutes
• [11:30] Funding and investing an HSA, including how much to keep available in cash
• [13:30] Using your deductible as a guide for deciding how much HSA money to keep in cash
• [15:00] Therapy, menstrual products, and other expenses that may qualify for HSA funds

✨ Resources ✨

• Health Savings Accounts (HSAs): The incredible financial tool you may be overlooking  (Finance Girlies episode 54)
• Fidelity HSA
• IRS list of qualified medical expenses

Send us Fan Mail

📩 Get The Finance Girlies newsletter: 
https://www.thefinancegirlies.com/newsletter

💻Visit The Finance Girlies website: 
https://www.thefinancegirlies.com/

💖Email us your money questions: 
hello@thefinancegirlies.com

📸Follow us on Instagram:
https://www.instagram.com/thefinancegirlies/