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Channel3000.com February 19, 2021 9:48 AM David Rodeck - Forbes Advisor Posted: Updated: February 22, 2021 9:06 AM Health savings accounts (HSAs) help you set aside money to pay for qualified medical expenses, but did you know they can also be a great tool for retirement planning? You can invest money stashed in an HSA in mutual funds and stocks, plus it offers valuable tax benefits all of which make health savings accounts an ideal way to save up for inevitable medical expenses in retirement. Retirement Planning with HSAs High-deductible health plans (HDHPs) can be an expensive option for health insurance coverage, due to elevated out-of-pocket costs. That’s why they generally offer health savings accounts, which can help you cover some of the extra medical costs associated with HDHPs.

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