Moss talked with Robert Grey, the founder of Denver Money Manager about HSAs. Grey said HSAs were created in 2003 so that individuals covered by high-deductible health plans could receive tax-preferred treatment of money saved for medical expenses.
Generally, an adult who is covered by a high-deductible health plan (and has no other first-dollar coverage) may establish an HSA.
A health savings account (HSA) is a tax-exempt trust or custodial account that you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. You must be an eligible individual to qualify for an HSA.
To learn more about HSAs, and hear from Grey, click on the attached video.
Also during Your Money Monday, Moss talked with Certified Financial Planner and leader in the Fincial Planning Association of Colorado, Karl Frank. Frank told Moss about a free event people can go to, to get free financial advice.
Denver Financial Planning Day is coming up on Saturday, Oct. 13, from 9 a.m. to 2 p.m. at North High School. Attendees will have the chance to meet one-on-one with dozens of financial planners. To learn more about the free event go to http://www.financialplanningdays.org/Content/cityselectstep2.aspx?City=Denver&rt=Applicant
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