Overview
Three types of retirement expenses
Healthcare planning or lack thereof, can directly impact chances of success in retirement.
As healthcare costs continue to increase and Medicare won’t cover all medical expenses in retirement, consider a health savings account.
A health savings account is used in conjunction with a high deductible health plan (HDHP) that allows users to save money tax-free to pay for qualified healthcare expenses.
Eligibility
Who is eligible for an HSA?
Anyone who is:
- Covered by an HSA-qualified health plan.
- Not covered by any other health insurance plan.
- Not dependent on another's tax return.
Tax Advantages
How Does an HSA Work?
