The average HSA balance during the first six months of 2023 was $4,397, according to recent data from Bank of America. And if you're eligible for an HSA this year (more on that below), it pays to ...

Health savings accounts (HSAs ... bank where they can have all of their accounts at one institution. Bank of America is one of the largest financial institutions in the U.S., and it offers ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Fidelity is our pick for the best overall HSA provider Erin Gobler is a ...

Low interest-rate yields, minimum-asset requirements for investing and higher fees brought lower grades for most of the firms ...

A few years ago, I discovered another stealth retirement investment option called the Health Savings Account. Just like the 401(k) and the Roth IRA, the HSA also has many tax advantages.

A health savings account (HSA) allows consumers with a high deductible health plan to put away money for qualified medical expenses, from hearing aids to diagnostics to surgery. And because they ...

Maxing out your health savings account (HSA) contributions can significantly lower your tax bill, but using those funds for non-eligible items could get you into trouble with the IRS. And the ...

Health savings accounts can be opened at many banks and credit unions, but these institutions may offer little to no interest. For instance, Bank of America currently pays between 0.1% to 0.7% ...

ljubaphoto / Getty Images If you're looking into tax-advantaged ways to save money, you need to consider a health savings account (HSA). An HSA has a unique triple tax benefit: Your contributions ...

A health savings account can make medical care a lot more affordable. HSAs have what’s often referred to as a triple-tax advantage: You save pre-tax money. Your money grows tax-free. Your ...

Health savings accounts (HSAs) offer a tax-advantaged way to save money to pay for certain medical expenses. Your HSA contributions are tax-deductible, so they help reduce your taxable income.