HSA's = tax-free retirement account?
May 16, 2007 5:21 PM Subscribe
Health Savings Accounts (HSA's) ... Can they be used as just another tax-free retirement account after you max out your Roth IRA?
posted by MrBCID to Work & Money (6 answers total) 3 users marked this as a favorite
I usually max out my Roth IRA and contribute to a 401(k) ... I just came across this Newsweek
article that got me thinking about opening an HSA.
I used to contribute to a Flexible Spending Account and understand that the money in an FSA is lost if not used within a year...
An HSA on the other hand would let me keep that money in there kind of like a Roth IRA correct?
Do I have to be enrolled in a High Deductible Health Insurance policy to be eligible?
I am 22 years old and don't need my medical insurance for anything more than a yearly check-up.
Any advice would be really helpful. Thanks in advance.