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10 Myths About Health Savings Accounts

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When you’re choosing a health plan for the year -- whether you get coverage through your employer or on your own -- one option may be a high-deductible plan that makes you eligible to contribute to a health savings account. Weigh this option carefully. There are a lot of misconceptions about how HSAs work. Health savings accounts offer a triple tax break -- contributions aren’t taxed, the money grows tax-deferred, and it can be used tax-free for eligible medical expenses at any time.

Here, we take a look at several of the most common HSA myths -- and the reality.

SEE ALSO: 50 Ways to Save on Health Care



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