E.g., 01/27/2022
E.g., 01/27/2022
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7 ways to maximize the benefits of HSAs

Health savings accounts (HSAs) are perhaps the most powerful savings vehicles, especially for retirement savings, because of their significant tax advantages. Yet, too many HSA owners don’t reap all the advantages of their accounts.
Is your retirement forecast rainy or sunny? Do you see a green light on your road to retirement or are you stopped by a red light? Is your projected retirement age older than you’d like?
In times of crisis, Americans pull together and work to support at-risk communities. The COVID-19 outbreak and the corresponding shutdown have changed the lives of nearly every American, but the disabilities and special needs community is particularly affected. Through its Voya Cares® program, Voya is here to help with some specific ideas, resources and solutions that you can take action on today.
Health savings accounts offer taxpayers one of the most favorable ways to save money. With contributions that are tax-deductible and distributions that are tax-free as long as they're used for qualifying medical expenses, HSAs offer a double benefit that you won't find with IRAs, 401(k)s, or most other types of tax-favored accounts.

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