Jul 12
Tip for Unemployment Insurance
If you are unemployed and have a Health Savings Account [HSA] this tip is for you. HSAs have been structured so that an unemployed (or laid off) person who is collecting State or Federal unemployment insurance can use funds from their HSA to pay for health insurance premiums and routine health expenses -- tax-free.
While this is very specific advice, it goes to show that there are many obscure benefits in programs such as HSAs. Sound Money Tips is always on the lookout to make you aware of benefits like these.
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