When it comes to saving for the future, most people think of traditional accounts like 401(k)s, Roth IRAs, or taxable brokerage accounts. However, there’s a lesser-known financial powerhouse that often gets overlooked: the Health Savings Account (HSA). While HSAs are primarily marketed as a tool to save for healthcare costs, they offer unique benefits that […]
What are the Benefits of a Health Savings Account?
It’s open enrollment season again, which means you’re probably hearing about health savings accounts (HSA). Most companies will provide you with a list of health care options to choose from, including an HSA. A health savings account is a savings vehicle that is intended to be spent on qualifying medical expenses. An HSA covers a […]
The Forgotten Account – Health Savings Accounts (HSA)
When we think about saving for retirement the only accounts that come to mind usually are 401(k), IRAs and Roth IRAs. We very rarely think about the usefulness of a health savings account (HSA). One of the biggest expenses retirees have to face is the cost of […]