High-deductible Health Insurance Offers Lower Premiums
High-deductible Health Insurance Offers Lower Premiums
Health Savings Accounts have an advantage over traditional savings accounts because they earn interest tax-free. If you use the account money to pay for qualified medical expenses, you also get a tax deduction. What if you don't need the account money for medical expenses? Your Health Savings Account dollars will continue to grow tax-free, and you can withdraw them for retirement much like IRA accounts.