Why You Won't Regret Taking Advantage of an HSA
Outside of housing and maybe transportation costs, healthcare will likely be your largest retirement expense. It's unfortunate, but doctor visits become more frequent, and more health problems tend to pop up as you age. Before reaching retirement age, understanding the likelihood of increased healthcare costs and planning accordingly is very important.
According to Fidelity, the average couple retiring at age 65 in 2022 will need roughly $315,000 saved after taxes to cover retirement healthcare expenses. Even for people able to save $1 million for retirement, $315,000 after taxes is a good portion of total savings. One way to help prepare for this is to take advantage of a health savings account (HSA) if you're eligible.
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Source Fool.com
