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4 Things You Should Know About Health Savings Accounts
By Elizabeth O'Brien
From Money Magazine on Monday, September 12, 2016
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Health savings accounts, which let you pay medical bills with pretax dollars, are surging: 72% of large employers offered them in 2016, up from 40% in 2010, says the National Business Group on Health. Employers like HSAs because they work with some high-deductible insurance plans, which shift health costs to workers. And the accounts deliver a triple tax advantage: You add money pretax, and both growth and withdrawals for qualifying expenses are tax-free.