Have an HSA? Here's Why You Shouldn't Tap It Just Yet.

Saving in an HSA, or health savings account, is a great way to help ensure that you'll have money on hand when healthcare expenses arise. But actually, if you want to make the most of your HSA, then your best bet is to not touch that money year after year. Here's why.

Many people are familiar with flexible spending accounts, which have you allocate money for near-term medical expenses. With an FSA, you need to spend down your balance by the time your plan year (or related grace period) ends. If you don't, you risk forfeiting your money.

But HSAs work differently. With an HSA, there's no time limit for using your money. You could contribute $3,000 to your account in 2022 and withdraw that money in 2042 if you don't need it right away. In fact, the best way to maximize your HSA is to not take withdrawals from it until you reach retirement.

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Source Fool.com