3 Ways to Get More Out of Your HSA in 2026

Group 1 - The article discusses various tax-advantaged accounts for saving money, including traditional IRAs, 401(k)s, and Roth accounts, highlighting their benefits such as pre-tax contributions and tax-free withdrawals [1] - Health Savings Accounts (HSAs) are emphasized as a valuable savings tool that combines features of traditional and Roth retirement accounts, allowing for tax-free contributions, gains, and withdrawals for qualifying healthcare expenses [2][7] - For individuals turning 55 in 2026, there is an opportunity to make an additional $1,000 catch-up contribution to their HSA, which can enhance their savings strategy [3] Group 2 - Contribution limits for HSAs in 2026 are set at $4,400 for self-only coverage and $8,750 for family coverage, encouraging higher contributions to shield more income from taxes [4] - The article advises against using HSA funds immediately, suggesting that individuals should allow their HSA to grow over time by paying medical expenses with other funds [5][8] - It highlights the importance of reserving HSA balances for retirement, as healthcare costs may increase with age, making a larger HSA balance beneficial for managing expenses during retirement [9]