Note: This is the second of a 3-part series of blog posts. A previous blog post discussed contributing to an HSA, and a subsequent post will discuss distributing (or spending) HSA funds.
Since 2003, when they were created, millions of Americans have taken advantage of health savings accounts (HSAs) to save money for healthcare expenses and retirement.
One major advantage of an HSA is that accountholders can grow their HSA funds tax-free.1 And because HSA funds roll over every year, those funds can grow all the way into retirement, saving a lot of money in taxes over time.
Below are three basic ways HSA owners can grow their funds: