AnnetteB6
Employee Tax Expert

Retirement tax questions

No, a Health Savings Account (HSA) is a tax-free, interest-bearing account used to pay qualified medical expenses (What is a health savings account?)

 

It is not considered a qualified retirement account in the eyes of the IRS.  Although some people may tend to use their HSA as a means to save for retirement since the rules change for distributions after the age of 65.

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