We love Health Savings Accounts, (HSAs) and we think you should too. Like Francois Giguere, CFP®, says: “There are three big reasons I love HSA plans:
- They grow tax-free.
- You can keep them over for the rest of your life.
- You can invest the money.”
Let’s look at each of these points more closely. First, an HSA is one of the few ways that you can deposit pre-tax monies; you can invest, grow and pull out HSA money without being taxed. The contributions are not huge, but they might add up over time! In 2019, the contribution limits are: