**Magical Medical Fun Money. Doubly-tax-incentivized.** **Health Savings Accounts** (HSA) are magical medical fun money. You don’t have to pay income tax on whatever money you put into them, nor do you pay money on their growth - provided you’re using them for ‘qualifying medical expenses’. There are annual limits to how much you can contribute. **HSAs are double-tax advantaged.** No taxes going in, no taxes coming out. In order to have an HSA you must be enrolled in a High-Deductible Health Insurance Plan (HDHP) and _not_ have medicare. **** # More ## Source - [[Ultimate List of Tax Advantaged Accounts]] - /r/personalfinance ## Related - [[Tax-Advantaged Accounts]]