Are health savings accounts, or HSAs, really worth it?
The tax advantage alone makes HSAs worth it.
Contributions to an HSA are tax-deductible, funds grow tax-free, and withdrawals for qualified medical expenses are tax-free. This makes it a very tax-efficient way to save for healthcare costs.
Another benefit is that HSA’s are portable. This means the funds belong to you, so you can keep the HSA even if you change jobs or health plans.
#hsas #healthsavingsaccounts #healthcare #taxdeductions
Are Health Savings Accounts (HSAs) Worth It?
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