Should a health savings account take the place of an IRA or 401K?
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Health savings accounts, or HSAs, aren’t available to everyone. But for those enrolled in a high-deductible health insurance plan, they’re worth taking advantage of. HSAs allow you to set aside money for both near-term and far-off medical expenses. Because those funds don’t expire, you can carry that money all the way into retirement if you so choose and take withdrawals then, when your healthcare expenses are likely to be more substantial.