How a Health Savings Account Can Help You Now — and Later

As befuddling, frustrating and financially taxing as it can be for consumers to navigate the world of healthcare coverage and benefits, the Affordable Care Act (ACA) era also has given Americans a uniquely versatile and potentially very valuable tool.

It’s called the health savings account, a highly tax-favored vehicle that, when paired with a high-deductible health plan (HDHP), can be used not only as an account from which to pay for a wide range of near-term medical expenses, but also as a place in which to invest money that may grow over time, for use later, whether for medical/healthcare expenses or otherwise.
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