If you have low medical costs right now, it could be the prime time to supercharge a health savings account, or HSA — one of the smartest long-term moves for your money. You get an immediate tax break on every contribution, your savings grow completely tax-free and you can pull funds out of your HSA tax-free for qualified medical expenses anytime. Think of it as building a tax-advantaged health fund that keeps working for you even decades from now in retirement.
Here are some things you may not know about HSAs, as well as some strategies to make the most of these plans.
