Health Accounts: Rapid Fire

What this video covers

• Who owns and funds an HSA, FSA, and HRA, and what happens to unused balances when coverage or employment changes
• The four general requirements for making new HSA contributions, including Medicare enrollment and disqualifying coverage
• Why qualifying individual Marketplace Bronze and Catastrophic plans may be HSA-compatible, while a Bronze group plan does not qualify just because it is Bronze
• How qualified and nonqualified HSA distributions are taxed, including when the 20% additional tax does not apply
• How FSA carryover and grace-period rules work, and which expenses FSAs and HRAs may reimburse
• HSA premium exceptions, including qualified long-term-care insurance, Consolidated Omnibus Budget Reconciliation Act (COBRA) continuation coverage, unemployment coverage, and Medicare at age 65, plus the Medigap exclusion
• Why an account balance, an old HSA, or a debit-card approval does not establish insurance coverage, new contribution eligibility, or qualified medical use