How to Make the Most of Your Health Savings Account (aka HSA)
If your health plan offers an HSA and you're not taking full advantage, pull up a chair. Financial expert Jean Chatzky—coauthor of Age-Proof: Living Longer Without Running Out of Money or Breaking a Hip—cuts through the jargon and shares her secrets for maximizing those HSA perks for your whole family.
An HSA offers some serious savings potential, particularly if you and your family tend to have costly medical bills. Paired with an emergency fund or a rainy day fund, this pre-tax savings account can help you weather most any medical emergency, especially if you start funding it now. Put these personal finance tips to work, and you'll be more financially confident when it's time for your next round of doctors' appointments. Particularly during uncertain times (as during the coronavirus crisis), having a cushion of money set aside for any medical expenses—expected or otherwise—can make an uncertain financial future less stressful.