A Health Savings Account (HSA) is a tax-advantaged account for medical expenses, available to people with a qualifying high-deductible health plan (HDHP). It's unusual because it offers three tax benefits at once. This is educational information, not tax or investment advice.
Health Savings Account (HSA)
A rare triple tax advantage — and a stealth retirement account.
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The triple tax advantage
Contributions are tax-deductible, the money grows tax-free, and withdrawals for qualified medical expenses are tax-free. No other common account offers all three. Unused funds roll over year to year — it's not use-it-or-lose-it like an FSA.
Using it for retirement
Many savers pay current medical costs out of pocket and let the HSA invest and grow for decades. After age 65 you can withdraw for any purpose (paying ordinary income tax, like a traditional IRA), while medical withdrawals stay tax-free. Contribution limits and HDHP rules change yearly — check IRS.gov.
Educational information only — not investment advice, and not a recommendation to buy any security. Expense ratios are approximate and can change; verify with the fund issuer. We are not a licensed financial advisor.
Frequently asked questions
Who can open an HSA?
Generally, anyone covered by a qualifying high-deductible health plan and not enrolled in Medicare or claimed as a dependent. Rules change yearly.
Is this financial advice?
No — it's general educational information. Consult a tax professional for your situation.
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