The Clark Howard Podcast 08.29.25 Clark Answers His Critics on Clark Stinks / SCAM WARNING: Healthcare Plans
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Aug 29, 2025 In a lively discussion, Clark tackles listener feedback in the 'Clark Stinks' segment, addressing the rising issue of healthcare scams targeting individuals and businesses. He breaks down the differences between Health Savings Accounts and Flexible Spending Accounts, while also warning against fraudulent health plans. Personal anecdotes underscore the importance of reliable medical insurance in managing health expenses. The conversation touches on life insurance choices and the often misunderstood complexities of retirement planning, urging listeners to stay informed.
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Choose HSA Over FSA When Possible
- Avoid using an FSA if you're eligible for an HSA because FSAs are inflexible and often forfeited if unused.
- If your employer offers an FSA now, you can elect an HSA for the following plan year when you stop the FSA.
Stop HSA Contributions Once On Medicare
- Stop contributing to an HSA once you enroll in Medicare because you become ineligible to contribute further.
- You may keep HSA funds but cannot add new contributions after Medicare enrollment.
Dash Cam Beats Insurer Tracking Devices
- Clark shared concerns about insurer tracking devices whose terms let insurers use driving data against you.
- He prefers a dash cam because you fully control the footage and it can prove your case in accidents.