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In today's rocky economy, saving for retirement is more important than ever before Experts estimate that the average retired couple will spend $250,000 in out-of-pocket medical expenses for services not covered by Medicare Contributing to an IRA or 401k is a great place to start but a health savings account, or HSA, offered by your employer as part of your medical benefits package can add new horsepower to your financial plan Putting you in the driver's seat on the road to retirement An HSA is an effortless way to save pre-tax dollars, much like an IRA or 401k but unlike these retirement accounts, withdrawals from your HSA are tax-free and without penalty when used to pay for qualified medical expenses This is true before and after retirement As you contribute pre-tax dollars to an HSA any and used funds roll over from year to year and grow, earning tax-free interest Once your account meets a certain threshold you can increase your earning potential by investing in mutual funds Just like the funds you contribute to your HSA, invested earnings are not taxed making your HSA an effective part of your retirement strategy And as a long-term tax savings avenue, your HSA account offers you unique flexibility No matter what road you're on an HSA's added horsepower can get you through unexpected bumps in the road As medical expenses create detours without warning an HSA can provide the flexibility to steer through life's uncertainties Instead of using your IRA or 401k to pay for medical expenses and retirement you can use your HSA and protect your other retirement accounts Of course, you don't have to wait until you retire to experience all the benefits of an HSA it's there to handle today's medical expenses as well After the age of 65, you can withdraw HSA funds without penalty to use for anything you'd like All you need to do is pay income taxes on the funds not used for healthcare much like 401k or IRA withdrawls HealthEquity makes it easy to start saving Signing up for direct deposit through your employer means you don't have to think about making regular deposits and HealthEquity offers HSA account holders the convenience of online account management, a robust mobile app and a debit card to streamline the payment process We understand the significance of your health care decisions and are here to help Our expert friends are available every hour of every day to answer your questions and offer unique insight We invite you to call for a personal assessment, to see how an HSA can work for you For more information visit www.HealthEquity.com/HSAlearn Increase your financial plan performance today, with HealthEquity HealthEquity, Building health savings