These 50 Tips Will Help You Save Money For Your Health

Keep the HSA Money Growing for Future Expenses

Unlike a flexible spending account, an HSA doesn’t require you to use the money by the end of the year. In fact, you’ll get a bigger tax benefit if you use other cash for current medical expenses and keep the HSA money growing for the long term. Hold on to your receipts for medical expenses after you open your HSA, even if you pay those bills with cash, so you can claim the expenses later. There’s no time limit for withdrawing the money tax-free for eligible medical expenses you incurred anytime after you opened the account.