February 10th, 2025 by WCBC Radio

Health Savings Accounts are a convenient way for consumers to put aside money for medical bills. They are also good for tax reasons. Paying medical bills with those funds can be counted as deductible on income taxes in many cases. Joe Mullenax says HSA accounts grow tax free, creating an emergency fund if needed…

    

“So if you put money in – 3,000, 4,000 – whatever your number is, and you don’t use it for three or four years, you’re going to have a lot of money in there for whenever your emergency arises. And that money has grown above and beyond what you put in.”