How much does the government want consumers to use health savings accounts to pay for healthcare expenses?

So much that it has made the HSA the only triple-tax-advantaged vehicle in the whole tax code: you contribute dollars on a pretax basis, your money compounds on a tax-free basis, and withdrawals for qualified healthcare expenses are also tax-free. After age 65, HSA funds can be used for non-healthcare-related expenses, though withdrawals for expenditures other than healthcare will be taxable.

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Written By: Christine Benz

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