Benefits of An HSA

An HSA has its benefits.  Some of the benefits of an HSA include:

  • No age or income limits

  • No employment guidelines

  • Deposits that are contributed pre-tax reduce income liability

  • Easy access to pay medical expenses

  • Easy to open and manage

  • After age 65, funds can be used for medical expenses or anything else, subject to tax.

  • Interest earned on the account is tax deferred