Comments on: What is the HSA “Triple Tax Advantage?”

By: Kathryn @ Making Your Money Matter

Kathryn @ Making Your Money Matter — Sat, 30 Apr 2016 23:29:14 +0000

One other AWESOME benefit to HSA contributions is that they are not only not subject to federal and state tax, but also not subject to FICA taxes. This only applies when the contributions are made through employee payroll deductions, but it saves an additional 7.625% which is a lot for those that can benefit. So in some cases it’s a quadruple tax benefit. HSA accounts are some of the absolute best things you can invest in.

By: DC @ Young Adult Money

DC @ Young Adult Money — Fri, 01 Aug 2014 03:48:13 +0000

LisaVsTheLoans The tax advantages alone should motivate people to contribute to their HSA on a regular basis.

By: LisaVsTheLoans

LisaVsTheLoans — Mon, 16 Jun 2014 19:39:12 +0000

I love my HSA, especially for the first two reasons you mention. Currently, I don’t have the guts yet to invest my HSA funds, but those tax free gains are looking quite enticing…

By: DC @ Young Adult Money

DC @ Young Adult Money — Thu, 12 Jun 2014 21:53:39 +0000

blonde_finance I see pretty much no reason NOT to max out HSA contributions. There’s so many advantages. The fact that you never lose the funds is a huge advantage for sure.

By: DC @ Young Adult Money

DC @ Young Adult Money — Thu, 12 Jun 2014 21:52:52 +0000

FrugalRules That’s awesome that you won’t have to use any of it this year! I’ts a great emergency fund for future years and a secondary retirement account if the dollars really start piling up. My wife and I both use OTC allergy meds every day so it really is a bummer that they don’t qualify.

By: DC @ Young Adult Money

DC @ Young Adult Money — Thu, 12 Jun 2014 21:51:37 +0000

BudgetforMore It’s really the only option at my work. Even though I kind of have it by default, the tax advantages are awesome. I’m glad you enjoy my articles on health insurance, it’s something that I think I know a bit more about than the average person so I’m happy to share my knowledge.

By: DC @ Young Adult Money

DC @ Young Adult Money — Thu, 12 Jun 2014 21:50:34 +0000

moneymatters I’ve maxed out my insurance the past 2 out of 3 years and between my wife and I this year it’s looking likely we’ll max it out together this third year. While obviously it would be better if you didn’t have to use the funds, at the very least there is significant tax savings for those who do have to use them.