Must-Know Facts About Health Savings Account
A Health Savings Account (HSA) can be a powerful tool to help you save and invest, now, to pay for your qualified medical expenses (QMEs) during retirement. The HSA has become popular as more and more employers move to high deductible health plans (HDHP) in order to reduce insurance premiums. Employees must choose the HDHPs instead of traditional health insurance plans if they want to use their HSAs to fill the gap. I have used HSAs personally for about 10 years and I want to share these essential facts with you: