A Health Savings Account (HSA) isn’t just for today’s medical expenses. It can also help you build additional tax-advantaged retirement savings. If your finances allow, consider paying current qualified medical expenses out of pocket and leaving your HSA funds invested. Earnings grow tax-deferred, unused funds carry forward indefinitely and withdrawals for qualified medical expenses are tax-free. After age 65, you can also take penalty-free withdrawals for nonmedical expenses, though they’re subject to income tax. For 2026, if you’re eligible, you can contribute up to $4,400 for self-only coverage ($8,750 for family coverage), plus $1,000 if you’re age 55 or older. Contact us with questions.
