Use HSA or pay out of pocket?
I moved to my companies high deductible plan this year. I typically have very few medical expenses and this was also a great way to add to my retirement as I already max out my 401k contributions and I also maxed out my HSA contributions. I am in a position that I can pay my expenses without going into my HSA or other savings. I already have 9 months living expenses in a saving account, so this would not take away from money that would go to my safety net.
If I am considering my HSA as a way to save for retirement, it seems to me I would want to minimize withdraws and let the amount accumulate into retirement.
Do I pay with the HSA withdrawing money from a tax deferred account to pay the bills and invest the money not used in another investment?
Or do I pay out of pocket and leave the money where it is safely tucked away for major medical expense or retirement?
Paddy Hirsch May 3, 2013 Senior Editor, Marketplace
Hey Marketplace Money Fans! While we wait for our experts to chime in on this question, share your thoughts in our comments section.