Tax-free health savings accounts would have a bigger role for Americans under the ill-fated Senate Republican proposal to repeal and replace Obamacare. But many people have them already, or are thinking of starting up, raising tricky questions about what to do once they’re also eligible for Medicare.
Health savings accounts have a dual life, serving as investments as well as paying for health care. Holdings can go into mutual funds, for example, and grow tax-deferred like in an individual retirement account or 401(k), and can be used for any purpose in retirement if not spent on health care.
Read the full US News article by Jeff Brown here.