Things to know about HSAs

The HSA is the GOAT investment account because it’s triple tax-advantaged. Money goes in tax-free, growth is not taxed, and qualified health expenses are not taxed. The HSA is sometimes called a “Stealth IRA ,” because after the age of 65 you can start using it for anything, not just health expenses.

The best way to use an HSA is to put money in, invest it, and if possible, never spend it–using other sources of cash to pay for medical expenses instead.

Be aware that dividends and capital gains in HSA funds are not exempt from CA state tax.