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In addition to using an HSA for medical expenses, it can also be used as another way to save for retirement. Once you reach age 65, money held in an HSA can be withdrawn and used for any reason ...
Image source: Getty Images. Don't touch the money. An HSA isn't a retirement account per se. You can take an HSA withdrawal at any time to cover a qualified medical expense, like a copay 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...
"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 ...
A health savings account, or HSA, is a tax-free savings account that helps eligible individuals pay for qualified medical care. Not only do you put pre-tax money into an HSA, but you can also make ...
Whenever possible, try to use your HSA money for these expenses — or for any others the IRS identifies as eligible. You can find a complete list in Publication 969 or visit sites like the HSA ...
While choosing your level of health care and setting up your benefits, you may notice that your employer offers enrollment in an FSA or HSA. Colleen McCreary, chief people officer and financial ...
The IRS allows you to fund a new HSA account from another HSA … Continue reading → The post HSA Rollovers: A Step-By-Step Guide to All You Need to Know appeared first on SmartAsset Blog.
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