These 2 HSA Misconceptions Could Cost You a Lot of Money

·3 min read
These 2 HSA Misconceptions Could Cost You a Lot of Money

If you're enrolled in a high-deductible health insurance plan, it definitely pays to look at opening and funding a health savings account, or HSA. As is the case with a traditional IRA or 401(k) plan, the money you contribute to an HSA goes in on a pre-tax basis. Withdrawals are also tax-free when used for qualified healthcare expenses, similar to how Roth retirement plans work.

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