3 Ways to Make the Most of Your HSA
Of the various expenses that eat up too much of your income for comfort, healthcare is an oft-unavoidable one. But if you have access to a health savings account, or HSA, you'll have an opportunity to ease the burden of paying for healthcare by doing so in a tax-advantaged fashion.
When you fund an HSA, your contributions are tax-free. You then get the option to invest HSA funds you're not using immediately for added growth that isn't subject to capital gains taxes. And HSA withdrawals are always tax-free when they're used to pay for qualified medical expenses.
Of course, participating in an HSA is a smart move by itself. But if you really want to make the most of that account, here are three important steps to take.
Source Fool.com
