Health savings accounts (HSAs) are tax-advantaged, member-owned accounts that let you save pre-tax dollars for future qualified medical expenses. You can invest your account, and funds never expire. Unlike flexible savings accounts (FSAs), you own your HSA. That means your entire balance rolls over every year—even if you change health plans, retire, or leave your employer. The more you contribute, the more you save, and contributions can potentially reduce your annual tax bill. Don’t miss out on the many ways an HSA can benefit you and your finances.
Submitted by: Tammy Trach