Matthew Gordon, CFP®, RLP® and Tim Daly, CPA with contributions from our interns Maya Monsour and Rohan Sagar

Health Savings Accounts (HSAs), as the name implies, are savings accounts for health care expenses. There are restrictions on who may contribute, how much, and what counts as a qualified medical expense. It is worth exploring whether you have the opportunity to participate in one of these accounts as they provide some compelling tax benefits.