Health savings account rules are easy to follow. On top of that, they are one of the most underrated investment accounts available.
They’ve been around since 2003 and come with a lot of awesome benefits. The biggest perk is being able to contribute pre-tax dollars and have it grow tax-free. We’ll detail more of the benefits further below – there’s a lot of them.
A health savings account also comes with rules you need to follow in order to use them. Any tax-advantaged account, of course, has a string of rules attached to it.
Before diving too far into the various health savings account rules, we’ll start with a basic overview of health savings accounts. There are a lot of ways to optimize your health savings account, but the best thing you can do for now is to start using it.[Read more…] about Health Savings Account Rules: What to Know in 2020