What makes an HSA “triple tax advantaged?
1) employee contributions are tax-deductible 2) interest and investment earnings on the account are tax-free, and 3) as long as funds are used for qualified medical expenses, withdrawals are tax-free. 12. Is there any time when my HSA money is not tax-deductible? If you withdraw money for uses other than qualified medical expenses, that money is treated as taxable income. If you withdraw for non-qualified expenses before you reach the age of 65, there’s an additional 10% penalty. 13. What happens to my HSA if I change my job or leave my health plan? Employees own their own accounts. If you change jobs or health plans, you keep your HSA account. If you are no longer in an HDHP plan, you may not contribute to your HSA account anymore, but you still may withdraw funds from your account for qualified expenses. 14. What happens to my HSA when I die? If you’re married, your spouse becomes the owner of the account and may use it as if it were his or her own HSA. If you are not married, the ac
