Health Savings Accounts with Fexingo: HSAs, Medical Expenses, and Triple Tax Advantage

Episode 7 of Health Savings Accounts with Fexingo looks at a little-known rule that lets HSA owners use their account to pay for a parent's qualified medical expenses — even if that parent isn't on their insurance or tax return. Lucas and Luna walk through the IRS definition of a 'qualified relative,' the key test that determines whether a parent qualifies, and a real example with a parent on Medi...

Lucas and Luna walk through what happens to a Health Savings Account when you switch employers — a scenario millions of workers face but most handle poorly. They cover the three options: leave the account with the old provider, transfer to a new HSA custodian, or spend down the balance. Using a concrete example of a marketing manager named Sarah who changed jobs in April 2026, they explain the rul...

In this episode of Health Savings Accounts with Fexingo, Lucas and Luna unpack a counterintuitive HSA strategy: paying current medical expenses out of pocket and letting your HSA grow tax-free for decades. They walk through the math using a concrete example—a $3,000 dental bill—showing how a 30-year-old could turn that into over $18,000 in tax-free retirement funds by delaying reimbursement. They...

The COVID-era rule that let HSA holders buy over-the-counter medicine without a prescription was made permanent in 2025. Lucas and Luna dig into what that actually means for your spending strategy — and the little-known trap that could cost you a penalty if you use the wrong card. They walk through the IRS's updated eligible-expense list, the rise of HSA-linked debit cards at pharmacy checkout, an...

Lucas and Luna dig into the often-overlooked HSA catch-up contribution — the extra $1,000 that people 55 and older can stash each year. They walk through who qualifies, how it interacts with the standard contribution limit, and why most eligible people never use it. They also cover the strategy of delaying HSA withdrawals until retirement, using real numbers to show how $1,000 a year in extra tax-...

In this episode of Health Savings Accounts with Fexingo, Lucas and Luna dive into the overlooked strategy of investing HSA funds beyond just covering current medical costs. They discuss how HSA custodians like Fidelity and Lively offer investment options, the power of letting your HSA grow tax-free for decades, and a real example of a 30-year-old who could turn a $3,600 annual contribution into ov...

In this debut episode of Health Savings Accounts with Fexingo, Lucas and Luna unpack why HSAs are called the most powerful retirement account you've never fully used. They start with a striking number: fewer than 10 percent of HSA-eligible Americans actually max out their contributions. Lucas explains the triple tax advantage — tax-deductible contributions, tax-free growth, and tax-free withdrawal...