A Health Savings Account, or HSA, is more than what its name implies.  It is a little-known retirement asset with big upside.  Certified Financial Planner (CFP®), Matt Cooley tells us that it is the only Triple-Tax-Free investment vehicle that is a must-have if the following "rules" apply to you:

1) You have a high deductible health insurance plan (check with your insurance to determine this)

2) You pay for your OOP (out of pocket) health costs with your every-day cash

3) You, or your employer, fund your HSA account

4) You save your OOP health care receipts

That's it!  Then let your investment grow (instead of the sub-optimal savings account bank rates) and you can reimburse yourself down-the-road for those OOP costs in 5 years or 20 years, tax free.

It's triple-tax-free because you'll get a tax deduction for funding your HSA account, the earnings will grow tax-free, and as long as you can support your reimbursed OOP amount, the principle returns to you tax free as well.