Financial Planning, Financial Education, Taxes, Social Security, Retirement, Retirement Planning, Women's Finances, Healthcare costs, Career Goals, Investing Ellen Morse Financial Planning, Financial Education, Taxes, Social Security, Retirement, Retirement Planning, Women's Finances, Healthcare costs, Career Goals, Investing Ellen Morse

The HSA Advantage—How to Use Health Savings Accounts for Tax-Free Healthcare in Retirement

An HSA is a personal savings account just for healthcare costs. You can only contribute if you have a high-deductible health plan (HDHP), but the money is yours—even if you change jobs, retire, or switch insurance.

 Why are HSAs so powerful? They offer a triple tax advantage:

  1. Contributions are tax-deductible.

  2. Money grows tax-free.

  3. Withdrawals are tax-free if used for qualified medical expenses.

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