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Health Savings Accounts (HSA) And Similarities To Traditional IRAs

Sunday, April 29, 2012 - 10:30 AM
This blog post at Fiscal Fizzle makes some good points about the long-term advantages of health savings accounts:
At the end of year 10, I decide to switch insurance plans, and have spent $42,500 on medical expenses, with $17,500 still remaining in the account. While I can no longer fund this account, I can still use that entire amount tax-free for any medical expenses until the day I die, and I can withdraw it penalty-free in a manner similar to a Traditional IRA once I hit retirement.

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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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