HSA: Health savings account, or Health investment account, or Health retirement account
- Triple tax advantage (contribute, grow, withdraw all tax free)
- Invest HSA money (for future growth)
- Carry-over (HSA account belongs to you and no expiration like FSA)
- Tax free withdraw for medical expenses
- Penalty free 65+ use funds on anything (Use HSA for anything after 65 years old)
- Use the receipt loophole (Don't use HSA for medical expenses when you are young, you can reimburse yourself for past medical expense after retirement)
- You cannot contribute HSA when take medicare (Medicare at 65, no more HSA contribution)
