Retirement benefits of a HSA - Yahoo! Finance
Health Savings Accounts (HSAs) were established as part of the Medicare Prescription Drug, Improvement, and Modernization Act, signed into law by President George W. Bush on December 8, 2003, effective January 1, 2004. In the twenty years since the creation of HSAs, they have evolved from a tool to manage healthcare costs to a retirement savings account. Suze Orman stated: “Can you imagine putting money in and getting a tax write-off for it and using it tax-free? There is not one other retirement account that offers that benefit.” Vawn Himmelsbach explains how HSAs work and their benefits as a retirement account. Read Ms. Himmelsbach’s article here…
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