ST Alpha - "Anyone use Health Savings Accounts? I am really thinking about setting one up." (Reading a Post)

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Anyone use Health Savings Accounts? I am really thinking about setting one up.

Posted by Bacon (aka redmond) Apr 12 '17, 18:10

I see if you have payroll deduction it's tax free. Any interest or growth is tax free. Does that mean I can put the money in the market like a Roth and any growth is still not taxed? That is how I read it.

It stays in the account until you use it. No expiration date.

I do qualify with a high deductible health plan.

Anything else I should know about?

Responses:

Yes. Do it. - Spawn Apr 12, 19:05
Yes, and you definitely* should. -- (edited) - znufrii Apr 12, 18:14 5
- One more note -- (edited) - znufrii Apr 12, 18:23 3
  - and here's the relevant IRS Pub. -- (link*) - znufrii Apr 12, 18:29
  - Thanks for the info -- nm - Epiphany Apr 12, 18:27 1
    - Happy to help! :) -- nm - znufrii Apr 12, 18:32
- (and if anyone out there has been on an HDHP and not been using an HSA, you've been missing out on some tax savings) -- nm* - znufrii Apr 12, 18:15

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Anyone use Health Savings Accounts? I am really thinking about setting one up.

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