Ep 50: How to Leverage Health Savings Accounts for Long-Term Client Success

Episode 50: How to Leverage Health Savings Accounts for Long-Term Client Success

Guest: Kelley Long

Overview

Welcome to the Financial Advisors Want to Know Podcast! I’m Catherine Tindall, CPA with Dominion Enterprise Services, where we help financial advisors navigate income tax planning and compliance.

Today’s guest is Kelley Long, a financial wellness coach, Journal of Accountancy writer, Calm app narrator, and podcast host. She’s particularly passionate about Health Savings Accounts (HSAs) and workplace financial wellness.

Key Takeaways:

✅ HSAs Are a Versatile Planning Tool: Triple tax advantages—tax-free contributions, growth, and withdrawals—make HSAs a powerful financial strategy for clients.
✅ HSAs Are Portable: Unlike other workplace benefits, HSA funds belong to the individual, allowing clients to move them between providers and optimize investments.
✅ Medicare and HSAs Have Complex Interactions: Once enrolled in Medicare, clients can’t contribute to an HSA. Advisors should plan ahead, considering retroactive Part A coverage.
✅ HSA Contributions and Withdrawals Offer Flexibility: Clients can reimburse themselves for medical expenses years later, allowing for strategic fund use.
✅ HSAs Are Key for Retirement Healthcare Planning: With rising healthcare costs, HSAs act as an alternative to long-term care insurance, offering tax-free medical expense coverage in retirement.

Connect with Kelley

🌐 Financial Bliss Coach
🔗 LinkedIn
🎙 Financial Bliss Podcast
🍏 Apple Podcasts
🧘‍♀️ Calm App Program

Connect with Catherine

🔗 LinkedIn
📩 Newsletter
📧 admin@dominiones.com

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