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Cover health care costs: You can use your HSA to fund health care needs like COBRA premiums or Medicare Parts A, premiums. It can also offset expenses related to tax-qualified long-term care ...
This rule provides flexibility to use your HSA funds for anything you need in retirement. However, there’s a big catch. HSAs allow tax-free withdrawals, but only if you’re using the money for ...
Health savings accounts aren't nearly as popular as their more well-known counterparts like IRAs and 401(k) plans. Although their stated purposes are different -- an HSA is supposed to help you pay...
While health savings accounts can be rolled over from fund to fund, a health savings account cannot be rolled into an Individual Retirement Account or a 401(k) retirement plan, and funds from such investment vehicles cannot be rolled into health savings account, except for the one-time Individual Retirement Account transfer mentioned earlier ...
You can use HSA funds now and in retirement. You, an employer, a relative or others can contribute to your HSA. There are no time constraints for spending the funds. If you have money left in your ...
"The HSA was created when high-deductible (insurance) plans came about," explains Joseph Conroy, author of "Decades & Decisions: Financial Planning at Any Age," and a financial advisor with ...
There is a variety of tools that can help you save for retirement. While many of us know about 401(k)s and IRAs, not as many may be familiar with health savings accounts (HSAs). These are savings ...
Medical insurance jargon can be confusing, especially all the acronyms. We break down what an HSA is and how it can help you save on medical costs. This was originally published on The Penny ...