BBB: How does Health Savings Account (HSA) work?
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6:48
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This video is a little misinformative.
The annual contribution limit to a HSA is about $3000 (single) and about $5000 (family). It does have a total maximum limit of one million dollars for the HSA.
These plans are ideal for young and relatively healthy people. They allow for you to save durning your healthy years in anticipation of possible future years of unemployment and illness.
If you have a 401k or IRA you can perform a one time rollover to start your HSA fund.
WhoIsJohnGalt4279 3 years ago