Otherwise known as HSAs, these tax-advantaged accounts are established for individuals and families to save for qualified health care expenses.
In order to contribute to an HSA, you must:
Benefits of a Health Savings Account (HSA)
Tax-free earnings and withdrawals
Funds are used for qualified medical expenses
No loss of funds if you change health care plans
Funds in the account continue to accrue until they are needed
No yearly distributions required
Self-directed health savings plans enable plan owners to acquire alternative investments using account funds — gaining the potential to increase the capital in the account. Alternative assets include real estate, precious metals, oil and gas options, and more.