Health savings accounts are popular among U.S. workers. Will these accounts take on larger role in how U.S. consumers pay for and get health care?

Strategic saving and investing of HSA funds during your working years can unlock the full potential of these accounts to cover healthcare costs and more in retirement.

Hospital Billing statement. Past Due stamped on the invoice. Correction: A previous version of this article incorrectly said George H.W. Bush was the president in 2003. George W. Bush was the president then. Subscribe to The Post Most newsletter for the ...

Key Takeaways With a health savings account (HSA) can be used as a long-term savings account.HSAs come with triple-tax benefits that can be used to increase retirement savings.After age 65, maximizing the tax benefits of HSAs can supersede the retirement savings benefits of both IRAs and 401(k)s with tax-free withdrawals for qualifying medical

It is framed as affordability reforms but, in practice, will drive premiums higher, reduce access to care, and increase rates of uninsurance and uncompensated care,” Ayesha Clarke said.

The HSA also allows them to set aside pre-tax dollars for current and future health care expenses. This was especially beneficial as they were planning for a baby and wanted to ensure they had the funds available for any immediate or long-term needs.

Discover the fundamentals of Medical Savings Accounts, their historical evolution, types, and how they compare to Health Savings Accounts.

The proposal, coming ahead of the midterm elections, falls far short of President Donald Trump’s promises to deliver a replacement for the Affordable Care Act.