Health Savings Account (HSA)
Published on Tuesday, June 7 2011
A health savings account allows you to save money for future medical costs. This money is tax free and will accumulate over the years.
The value of a health savings account becomes clear when you consider that
- Health Savings Accounts accrue interest.
- HSA funds may be rolled into an IRA for retirement.
- Employers can contribute to their employees’ HSA account just like paying premium.