HSA (Health Savings Account)
A triple-tax-advantaged US account for medical costs that can double as a retirement tool.
A Health Savings Account, available with certain high-deductible health plans, offers tax-deductible contributions, tax-free growth and tax-free withdrawals for qualified medical expenses. Because unused funds roll over and can be invested, some savers use an HSA as an extra retirement account.
Examples
- Investing HSA contributions and paying medical bills from cash lets the balance compound.