# @edwardcollins_upleveled on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DM0lLj8RwaG
- **Gondola URL:** https://gondola.cc/posts/35104083-edwardcollins-upleveled-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/27651a908e.jpg
- **Posted:** 2025-08-01T17:57:38.000+00:00
- **Account Owner:** Edward Collins | Money Lawyer & Wealth Strategist (@edwardcollins_upleveled) — https://gondola.cc/edwardcollins_upleveled

## Caption

Do You Have a Health Savings Account (HSA)? You Should. 

This is one of the few things the IRS actually got right. 

It’s a triple-tax-advantaged account — and if you’re not using it, you’re leaving serious money on the table: 

✅ Tax deduction when you contribute. 

✅ Tax-deferred growth while invested. 

✅ Tax-free withdrawals when used for qualified medical expenses. 

But before you get too excited, let’s talk about the rules: 

📌 To open an HSA, you must have a High-Deductible Health Plan (HDHP). 

2025 thresholds: 

• Individual deductible ≥ $1,650. 

• Family deductible ≥ $3,300. 

Contribution limits: 

• Up to $4,300 for individuals. 

• Up to $8,550 for families. 

Here’s where most people get tripped up: 

Yes — at age 65, you can use the funds for any purpose without penalty. 

But… 

🚫 Non-medical expenses are still taxable as ordinary income. 

So while there’s no penalty, you’re not getting the tax-free win unless it’s used for healthcare. 

🔁 The Strategic Play? 

Pay your medical bills out of pocket now. 

Save your receipts. 

Then reimburse yourself years later — tax-free. 

That’s how you turn your HSA into a stealth retirement account the IRS can’t touch. 

💬 Are you taking advantage of this? 

Let me know in the comments. 

Or drop “apply” if you want help building your Real Wealth Plan — the right way. 

Credit (IG): Shawn Kaplan [theshawnkaplan] 

 SF0738

## Stats

- **Views:** 30,878
- **Likes:** 2,461
- **Shares:** 0
- **Comments:** 74

## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Edward Collins | Money Lawyer & Wealth Strategist | @edwardcollins_upleveled | https://gondola.cc/edwardcollins_upleveled | Talent |
| Hector Garcia | @Hector_FilmSchool | https://gondola.cc/Hector_FilmSchool | Content Producer |

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