3 HSA Secrets to Make the Most of the Super Savings Account
An HSA, or health savings account, is one of the most versatile and tax-advantaged accounts detailed under the IRS tax code. Using an HSA can save you on income tax, FICA tax, and capital gains tax, and you can often withdraw funds from the account tax-free as well. That's why it's my top priority when saving for retirement.
In order to use an HSA, you need to have a qualifying high-deductible health plan. The idea is to give people who have to cover substantial costs before their insurance kicks in an additional incentive to save for when those expenses occur.
If you're eligible for an HSA, be sure you're making the most of it. Here are three HSA secrets you can use to maximize its benefits.
Source Fool.com
