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By Savvy Senior
Jim Miller 

The Retirement Benefits of a Health Savings Account

 

December 12, 2018



Dear Savvy Senior,

What can you tell me about health savings accounts? I’ve been reading that they are a great investment that can help with growing health care costs when I retire.

Planning Ahead

Dear Planning,

It’s true! A health savings account is a fantastic financial tool that can help you build up a tax-free stash of money for medical expenses now and after you retire—but there’s a catch. To get one, you must have a high-deductible health insurance policy.

How they work

Health savings accounts (or HSAs) have become increasingly popular over the past few years as health care costs continue to skyrocket, and because more and more Americans have gotten high-deductible health...



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