HSAs offer triple tax benefits and investment growth but require high-deductible plans. PPO plans reduce out-of-pocket medical costs but come with higher premiums. Choose HSAs for future savings ...
A key component to a high-deductible plan is that it’s typically paired with a health savings account (HSA). These savings accounts let you save for future healthcare costs using pre-tax dollars.
However, if you stop participating in the high-deductible health plan that made you eligible for the HSA, you will no longer be able to make new contributions to your HSA. Unlike a flexible ...
A health savings account (HSA) is a tax-advantaged savings account available to consumers participating in a high-deductible medical insurance plan. To qualify, you must be covered by a high ...