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How Does an HSA Work?
Formula
An HSA (Health Savings Account) offers a triple tax advantage: tax-deductible contributions, tax-free growth, and tax-free withdrawals for medical expenses.
After age 65, HSA funds can be used for any purpose (taxed as income, like a traditional IRA).
Common use cases:
- Maximizing tax savings
- Long-term medical expense planning
- Retirement health care funding
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