As the debate over healthcare continues in Washington it is important to remember that no matter what the government ultimately chooses to do, health care will be a significant cost to all people during retirement. One option available to set aside funds for future health care costs is a Health Savings Account, or HSA. HSAs are available to taxpayers who are currently enrolled in a healthcare plan that has a high deductible. Funds contributed to the HSA are not subject to federal income tax at the time of deposit. Sarah Brenner posted a great article in the Slott Report regarding 10 things you must know about HSAs.
Is a Health Savings Account Right for You?
