An HSA technically isn't a retirement savings plan. Rather, it's an account that's designed to help you enjoy tax benefits in the course of saving and paying for healthcare.

IRAs and 401(k)s, on the other hand, are accounts specifically designated for retirement. If you fund one of these plans, you're not even allowed to take withdrawals prior to age 59 1/2, and if you do, you'll face penalties.

But while you can absolutely access the money in your HSA ahead of retirement, it pays to reserve those funds for your senior years. If you do, you might enjoy these benefits.

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Source Fool.com