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Why an HSA May Be the Most Powerful Tax Tool in Your Plan
Learn why an HSA offers a rare triple tax advantage and how using it strategically can help you reduce taxes, pay medical costs, and plan ahead. This guide explains how HSAs work, who qualifies, and why they can be one of the most powerful tools in a long-term financial plan.
Get the Most From Your HSA
Health Savings Accounts (HSAs) are available if you are in a High Deductible Health Plan. In other words, if you are in a health plan that qualifies as a cheaper plan with a high annual deductible, you can open an HSA along with it.
Work Your HSA
This tip is not for everyone, but if you are happy using a high deductible health plan, then you have access to a Health Savings Account or HSA. Further, if you have excess savings and you have cash piling up in your savings account, you should be using this accumulation strategy with your HSA.