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 Chevron Humankind 2008

Chevron Easy Match Program 2008-2025 Form

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hi guys today I want to talk to you about the value of an HSA account at Chevron and whether or not it makes sense for you and your family my name is Steven Chambers and I'm a wealth manager at Willis Johnson and Associates so what is an HSA and what is it not the HSA is a health savings account associated with being enrolled in the high deductible Health Plan it's commonly confused with the FSA the flexible spending account which is associated with the PO plan we'll get into more of those details here in a moment the benefits of an HSA are are really on the tax side so we like to say there's a triple tax advantage of investing in the HSA or being enrolled in the HSA one is that the contributions are tax deductible two if you invest the balance of the HSA any earnings or income growth Etc is tax deferred much like an IRA in a Roth and then lastly if the distributions made from an HSA are for qualified medical expenses it's taxfree uh so triple ta

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