Are you aware that Health Savings Accounts can be retirement assets?
Health Savings Accounts are used in conjunction with high deductible medical plans.
HSAs are not just for paying doctor and prescription bills. HSA contributions are deductible above the line so they reduce taxes in your earning years.
Contributions made to your account remain until withdrawn. The interest earned in the account is tax-deferred.
Once enrolled in Medicare, contributions to HSAs are not allowed BUT…
Funds left in the account can be used during retirement to pay for Medicare parts B & D with tax free money.
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