I’m Firing This Health Savings Account Provider - Lively HSA

In this video, I'm going to explain why I no longer support or recommend a Lively health savings account. I'll also let you know what I'm doing with the money I have on their health savings account platform. Lively HSA is a company that provides a platform for managing Health Savings Accounts (HSAs). Their platform allows users to open an HSA account, make contributions, track expenses, and invest funds in the account. Lively HSA is known for its user-friendly interface, making it a popular choice for individuals and families who want to save on healthcare costs. Unfortunately, Lively HSA is going to start charging a fee or force its customers to hold a minimum balance of cash in the account. Check Out My Recommendations (It helps support the channel): 🔥 M1 FINANCE Investing- Free $10 (once you deposit at least $100 within 30 days) https://bit.ly/427KBBn 📚 Here's a video on how to use M1 Finance https://youtu.be/kEOS-w21U3c 📝 NewRetirement - The retirement planning tool I personally use to make sure I'm on track with saving for retirement. It's perfect for "Do it yourself" investors https://bit.ly/3EAAhrJ 🔒 AURA - 14 day free trial to see if your personal information has been leaked online and have it removed https://aura.com/jarrad 📝 Empower - Free Net Worth Tracker https://bit.ly/3NUNtwq 📧 Business Inquiries: JarradMorrowYT@gmail.com A Health Savings Account (HSA) is a tax-advantaged savings account that is used in combination with a high-deductible health plan (HDHP) to help individuals save for and pay for qualified medical expenses. Contributions to an HSA can be made by both the account holder and their employer, and the funds in the account can be invested and grow tax-free. Withdrawals from the account can be made tax-free as long as they are used to pay for qualified medical expenses. One of the key benefits of an HSA is that it offers a triple tax advantage. Contributions to the account are tax-deductible, the funds in the account grow tax-free, and withdrawals are tax-free when used for qualified medical expenses. This makes an HSA a powerful tool for individuals who want to save on healthcare costs and reduce their tax burden at the same time. Additionally, because the funds in an HSA can be invested and grow over time, it can serve as a long-term savings vehicle for healthcare costs in retirement. Affiliate Disclaimer: Some of the above may be affiliate links. Support the channel by signing up or purchasing through those links at no additional cost to you. I appreciate you for helping me keep this channel running. Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money. If you need help then contact a Certified Financial Fiduciary before trying anything that is mentioned in this video. I prefer a Fiduciary financial advisor that charges an hourly fee as opposed to an ongoing fee based on a % of your portfolio. Always remember that incentives determine the type of advice they give you so one that charges an hourly fee is less likely to be problematic.