HSAs are investment accounts. In many ways, HSAs are similar to 401(k)s. If you set up an HSA at work, your money is deducted ...

Additionally, you need to report all HSA distributions to the IRS. Your HSA custodian or trustee is required to prepare and send you a copy of Form 1099-SA to you and the IRS.

What is a health savings account? It can offer a tax break while you save money to cover medical expenses. There are some ...

"Once you turn 65, you can use your HSA to pay for other nonqualified medical expenses, too. You'll have to pay applicable ...

Health Savings Accounts (HSAs) are one of the most powerful tools in managing health care expenses and preparing for the ...

Unlock Premium Access — Free For 25 Days. To qualify for tax-free HSA withdrawals, you must spend the funds on eligible expenses. These include costs related to the diagnosis, treatment or ...

A Health Savings Account (HSA) can positively affect your estate plan. How? In addition to serving as a viable option to reduce health care costs, ...

One of the biggest retirement decisions you'll have to make in 2025 is where to put your savings. You have probably weighed ...

Lee Huffman spent 18 years as a financial planner and corporate finance manager before quitting his corporate job to write full-time in 2018. He has been writing about early retirement, credit ...

Maximize your HSA in 2025 to reap tax benefits, save on out-of-pocket health care costs, and even plan for retirement. Here's what you need to know.

"Once you turn 65, you can use your HSA to pay for other nonqualified medical expenses, too. You'll have to pay applicable state and federal taxes on these withdrawals, but this gives you another ...