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How to Open an HSA: Everything You Need to Know

By Matthew Frankel, CFP – Updated May 2, 2025 at 9:02PM

Key Points

  • HSAs offer tax savings for eligible high-deductible plan enrollees, growing funds tax-free.
  • Contributions to HSAs are tax-deductible, and funds can be invested and used for healthcare expenses.
  • From age 65, HSA funds can also serve as a retirement resource, even for non-medical expenses.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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