Best Health Savings Account

HSAs are a tax-friendly way for workers to pay medical bills today and well into retirement.

(Image credit: ©Terry Vine/Blend Images LLC)

If your employer offers a health savings account, that’s usually your best bet. Your contributions will escape federal as well as Social Security taxes when made through payroll deduction. If you have health insurance on your own or your employer doesn’t offer an HSA, consider HealthEquity, which lets you choose among 17 low-cost Vanguard mutual funds and six Vanguard target-date funds for long-term investing. HealthEquity also offers an FDIC-insured savings account for short-term savings.

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