Why We’re Big Fans of HSAs, and You Should Be Too

If Roth IRAs and flexible spending accounts had a smarter, better-looking cousin — it would be the Health Savings Account (HSA).

Here’s why we love them:

• You get a tax deduction when you put money in.
• It grows tax-free if you invest it.
• You don’t pay taxes when you take it out — as long as it’s for qualified medical expenses.

That’s what we call the triple tax win! It’s one of the few places the IRS gives you a break coming and going.

But wait, it gets better:

• You can invest the money, just like a retirement account.
• You can save your receipts, let your HSA grow, and reimburse yourself later — even years down the road.
• After age 65, you can use it for anything (medical = tax-free, non-medical = taxed like a traditional IRA).

2025 Contribution Limits:

• $4,150 for individuals
• $8,300 for families
• Add $1,000 more if you’re age 55+

The fine print:

• You need to be enrolled in a high-deductible health plan (HDHP) to contribute.
• Funds roll over every year, and the account stays with you — even if you change jobs or retire.

Bottom line: HSAs are like a secret weapon for long-term healthcare planning (and stealth retirement savings). Don’t let yours just sit there earning pennies — let’s put it to work.

Need help? We’re happy to talk strategy. Bonus points if you bring your faded Walgreens receipts.