A Health Savings Account (HSA) is more than just a way to pay for medical expenses—it’s a versatile financial tool that offers significant long-term benefits. Here’s why it could play a crucial role in your financial strategy:
Tax Benefits: Contributions are tax-deductible, the money grows tax-free, and withdrawals for healthcare are tax-free.
Flexibility: Unlike Flexible Spending Accounts (FSAs), your HSA funds roll over year to year, giving you more control over your savings.
Investment Potential: Many people don’t realize you can invest your HSA funds, growing them for decades and using them to cover healthcare costs or even as an emergency buffer.
Generational Wealth: HSAs allow you to pass on the remaining funds to your beneficiaries, keeping the tax advantages going.
At Hyperion, we help you make intentional financial decisions that create wealth for generations to come. Want to learn how an HSA can work for you? Watch the video and schedule a call today.