Employers: See our response to COVID-19 |
Members: See how COVID-19 impacts your accounts
Table of contents

Retirement

Covering the Medicare gap

Medicare will not cover all medical expenses after retirement. An HSA, when managed properly, is a great option to cover the expenses that Medicare will not. Additionally, an HSA can be used to pay for dental, vision and hearing expenses, which may not be covered by Medicare.

HSAs vs. other retirement accounts

HSAs provide the greatest amount of tax relief of any account type for the following reasons:

  1. Contributions are tax-free
  2. Earnings are not taxed
  3. When used for qualified medical expenses, distributions are not taxed