HSAs

The tax plan would make itemized deductions less valuable so some retirees would lose a deduction that covers payments for nursing homes, assisted living or inpatient hospital care.

Under the rules, seniors face a tax liability for HSA contributions if they carry health coverage other than the high-deductible policy.

In response to Alexander-Murray compromise, administration reportedly looking to expand HSAs and association insurance programs.

In response to Alexander-Murray compromise, administration reportedly looking to expand HSAs and association insurance programs.

If a family contributes approximately $6,000 per year to an HSA, compounded at 6% growth for 20 years, that's $234,000 at retirement, says expert.

If a family contributes approximately $6,000 per year to an HSA, compounded at 6% growth for 20 years, that's $234,000 at retirement, says expert.

Instead of offsetting current healthcare costs, HSA providers are seeing workers prepare for their post-work medical expenses.

Instead of offsetting current healthcare costs, some employees are using these accounts for their post-work medical expenses.

Nearly two-thirds of future and recent retirees are worried there will be cuts to the program under the Trump administration. And an even greater percentage think that it needs to change.

In addition to being triple tax-free, health savings accounts can make a significant difference for workers’ retirement planning.