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Goodman on HSAs

10 May 2019 | John Goodman, Media

What You Probably Don’t Know About HSAs

No other savings vehicle can top an HSA. Not a 401(k) plan. Not an IRA. Not even a Roth IRA.

For starters, deposits to an HSA escape both income and payroll taxes. That can’t be said of the other three options. During the retirement years, health expenses are going to be larger than what most people realize.

HSA withdrawals can be used to pay premiums for Medicare Part B, Part C and Part D, as well as any out-of-pocket medical expenses.

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John C. Goodman is President of the Goodman Institute and Senior Fellow at The Independent Institute. His books include the soon-to-be-published updated edition of Priceless: Curing the Healthcare Crisis, the widely acclaimed A Better Choice: Healthcare Solutions for America, and New Way to Care: Social Protections that Put Families First. The Wall Street Journal and National Journal, among other media, have called him the “Father of Health Savings Accounts.”

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