Medical costs in retirement are rising. Here are four health care tax breaks seniors may still qualify for without itemizing, from HSA withdrawals to FHAs.

A health savings account (HSA) allows anyone with a qualifying high-deductible health plan to set aside pre-tax money to pay for approved medical expenses. The funds are held by a ...

You can get a lot of mileage out of this fantastic account.

・Here's a list of which medical expenses are HSA-eligible and which aren’t. ・This matters so that you can avoid penalties on non-qualified HSA withdrawals. ・Make sure your HSA expense qualifies before ...

Health savings accounts (HSAs) give you a tax break on contributions, investment gains, and withdrawals. You can take an HSA withdrawal at any time for qualified healthcare costs. If you automatically ...

When people talk about retirement planning, the usual suspects come to mind: 401(k)s, IRAs, Social Security, and, if you’re among the lucky few, a pension. Throughout our lives, we obsess over asset ...

If you’re planning for retirement, there’s a good chance you’ve heard of a 401(k) or an IRA. But there’s another account that often flies under the radar — one that offers tax advantages neither of ...

Paired with high-deductible healthcare plans, health savings accounts help ease healthcare costs. HSAs are a triple tax-advantaged vehicle in the tax code, allowing for pretax contributions, tax-free ...

Assets in HSAs totaled $147 billion across about 39 million accounts at the end of 2024, according to research from Devenir. As a group, people ages 60 to 64 own the most HSA assets, with $19.4 ...