The government doesn't tax the contributions or the interest in this savings account, so the cash can build quickly. Best of all, you can't lose the account. Regardless of whether you purchased the high-deductible health insurance plan through your employer or a private health insurance policy on your own, your health savings account remains yours and yours alone. You can even keep it if you move to another state. And it doesn't have the infamous catch that comes with other types of medical spending accounts; you don't forfeit unused HSA funds at the end of the year or in the following spring.
Find out more about this book:YOU: The Smart Patient: An Insider's Handbook for Getting the Best Treatment