Facts about what HSAs do and don't cover

How to use them to pay off old medical bills [The Penny Hoarder Daily]( [HSA Facts: How to pay off old medical bills]( [HSA Facts]( [How to pay off old medical bills]( When health insurance doesn’t cover all your medical expenses, you might be able to use your health savings account (HSA) to pay off the rest — even old bills from last year. Not only are your HSA contributions tax deductible, but learning how to [use your HSA to pay off old medical bills]( can help you avoid racking up debt or tapping into your savings for the sake of your health.   [6 Tips to Avoid Draining Your Savings]( If you’ve been dipping into your savings more and more to cover things like insurance or even a surprise tax bill, you’re not alone. Check out these six tips to [get ahead despite rising costs and surprise expenses](. [6 Tips to Save](   [Your HSA or FSA Won't Cover These 8 Things]( [Your HSA or FSA Won't Cover These 8 Things]( Because flexible spending accounts and health savings accounts are a tax-free way to pay for medical expenses, the IRS has some pretty strict standards on how you spend it. [Don’t get slapped with harsh penalties]( for buying maternity clothes or these seven other things with your FSA or HSA funds.   [It’s Never too Late to Leave Behind a Legacy]( Good news for your kids — you don’t have to be born rich to create generational wealth for your posterity. You just gotta be smart and think ahead. Here are a few ways to [start your generational wealth plan](. [The companies will give you free products]( [What Is an HSA?]( FYI, if your PPO is an HDHP, you might be able to open an HSA. OK? Why are there so many medical acronyms? To help wrap up the third week of [our mid-year financial review]( let’s demystify some of that medical insurance jargon and [explain the benefits, rules, and nuances of health savings accounts](. That way, you can make the best decision for yourself and your family.   [6 Ways Seniors Can Save Money on Car Insurance]( If you’re retired or close to it, you’re finally living in the golden age of opportunity. That’s right, it’s time to wave that senior discount flag — you’ve earned it. And don’t limit yourself to just discounts on movies and restaurants. Here are [several ways for seniors to save on car insurance]( too.   [We'll Text You More Money Tips]( Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. [Learn more]( about how we make money and select our advertising partners. We’re letting you know because it’s what Honest Abe would do. After all, he is on our favorite coin. © 2024 The Penny Hoarder. All rights reserved. 490 1st Ave S. Suite 800 | Saint Petersburg, FL 33701 | U.S. [View in browser]( [Mailing preferences]( | [Unsubscribe]( | [Privacy Policy](