Originally Posted by
tennisguru
So you save taxes on your total contributions of $150,000 ($5000X30), and you've got $800k that can be used completely tax free for any medical expenses for the rest of your life once you retire. Plus it acts as another tax-deferred account if used for non-medical expenses once you retire.
HSA FTW.
A great analysis! I just wanted to emphasize that there is no time limit to reimbursement. So, if you save receipts for every health expense you pay on your own while enrolled in the HSA, you can reimburse yourself 10/15/25 years later - before or after retirement. Want to buy yourself a 50k electric Miata down the road? Cobble together your receipts from a couple of decades of not-yet-reimbursed expenses and make a withdrawal from funds that have been growing tax-free. It’s like magic if you can cover current medical expenses without touching your HSA money along the way.