HSA - Triple Tax Free Stealth IRA #doctor #money #wealth #success

The real magic with a high deductible health plan happens because an HDHP is the key that unlocks the glorious door of the health Savings account. A health savings account is a triple tax protected account. The first layer of tax protection is that the amount you contribute to the HSA lowers your taxable income each year and thus lowers your tax bill accordingly. The second layer of tax protection is that this is not use it or lose it money. This money is yours forever. This money is yours and you can invest it within the HSA in stock and bond index funds just like any other investment account. The growth on those investments each year is tax free. Tax protection number three is that when the money is withdrawn for qualified medical expenses, there's no tax due on it then either. It's a really good deal and a near no brainer for most high earners.