HSAs can be very powerful investment tools. In order to make the most of yours, keep in mind these pointers: – Determine how much you can afford to invest. – Set goals for how much you want to save. – Consider your options regarding your age, funds, and other factors.
Save With an HSA
Health Savings Accounts are a great way to set aside money to cover large or unexpected medical costs. However, they can be a great way to save money and build your retirement fund. Consider taking these steps now to build your HSA:
- Only spend HSA dollars when necessary- cover regular, smaller medical expenses out of pocket when possible.
- Invest your HSA funds.
- Develop a plan for how much you want to contribute and save each year.