Health Savings Accounts (HSAs): Everything You Need to Know
Health Savings Accounts (HSAs) are tax-advantaged accounts designed for individuals with high-deductible health plans (HDHPs). They provide a triple tax benefit: tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses. HSAs offer flexibility, allowing unused funds to roll over year to year and even grow through investments. This guide covers key FAQs about HSAs, including eligibility, contribution limits, and covered expenses. Learn how HSAs compare to FSAs and HRAs, and how they can be used for retirement planning.
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