Making the most of your Health Savings Account

When it comes to saving for healthcare costs, few tools are as powerful as a Health Savings Account (HSA). Yet many Americans don’t take full advantage of it.

HSAs offer a rare triple- tax benefit. You don’t pay taxes when you contribute money, your earnings grow tax-free and you don’t pay taxes when you withdraw funds for qualified medical expenses.

It’s like a retirement account specifically for healthcare costs. Since outof- pocket healthcare costs for couples in retirement can be high (over $375,000 for those with Medicare and Medigap and nearly $200,000 for those with Advantage plans, according to 2025 Milliman Retiree Health Cost Index), maximizing your HSA should be a priority.