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Using an HSA (or health savings account) as a retirement account is the most underrated way to save and invest. One of my goals for this year was to max out as many different retirement vehicles ...
Once you reach age 65, money in an HSA can be used for any reason and is only subject to regular income tax, which is the same as a traditional IRA. Millions of Americans either have or are ...
HSAs are a hybrid savings and investment account you can use to cover healthcare expenses. However, it's important to know how they work.
If you have a high-deductible health insurance policy, you have a ticket to a special benefit: You can contribute to a health savings account, which is a rare way to get a triple tax break.
Thanks to the Health Opportunity Patient Empowerment Act of 2006, you can fund a Health Savings Account (HSA) by rolling over money from your IRA tax free.
With an HSA you can make tax-deductible contributions each year to pay for current and future health care costs. What you don't use in any given year will stay invested and continue to grow tax ...
Keep reading to learn how health savings accounts work, who can use them and who offers the best HSAs to meet your financial goals. Investors who prefer a credit union over a big bank should ...
Once an HSA account holder turns 65, distributions not used for medical costs are taxed at their ordinary income tax rate, the same as distributions from a 401(k) or traditional IRA. Because HSA ...