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HSA vs FSA For Beginners | How Much Money Should You Contribute To An HSA or FSA Savings Plan?

THIS video will teach you how to determine how much money you should be contributing to your employer-funded HSA or FSA medical savings account. We will also talk about what each of these plans are & why you should consider having one! In this video, we will do a basic overview of the similarities & differences between an HSA and an FSA. We'll talk about eligibility requirements, the advantages of enrolling in an HSA vs FSA, and contributions. At [15:28] we will talk about how you can figure out how much you should contribute to an employer-funded HSA or FSA medical savings account. ✨ Timestamps ✨ 00:00 - Intro 00:28 - Similarities 02:05 - What makes an HSA unique? 07:32 - The biggest advantage of an HSA 09:28 - What makes an FSA unique? 15:28 - How to determine how much you should contribute to an employer-funded HSA or FSA? 21:58 - Outro ✨ Related Videos ✨ IS INVESTING IN EMPLOYER-FUNDED RETIREMENT SAVINGS PLANS WORTH IT? | 401k vs Roth 401k for Beginners -    • IS INVESTING IN EMPLOYER-FUNDED RETIR...   NOT GETTING PAID ENOUGH? Salary Negotiation Tips to Increase Your Salary & Get Paid More -    • Salary Negotiation 101 | Determining ...   HR Compensation 101 | Why You Should Get A Job In Compensation | Salary, Degree, Duties, and More! -    • HR Compensation 101 | Why You Should ...   ➤ Financial Freedom playlist here 💌    • The REAL Cost of Owning a Scottish Fo...   ➤ Subscribe to my channel here 💌    / @janellknowsmoney   Education, not financial advice! #healthsavingsaccount #flexiblespendingaccount #benefits