Health Savings Accounts (HSAs) are a powerful way to save for medical expenses while enjoying significant tax advantages. The below video breaks down how HSAs work and how you can make the most of them.
For 2025, the contribution limits are $4,150 for individuals and $8,300 for families. Check the IRS for yearly updates.
Yes, many HSAs offer investment options, allowing you to grow your balance for future healthcare needs.
HSAs are more flexible, offering rollover and investment options, whereas FSAs typically have a "use-it-or-lose-it" policy.