Health Insurance Daily

Ready To Invest Your Health-Care Dollars?

Many Americans will soon be able to invest their HSA dollars in mutual funds, just like they would with, say, dollars held in an IRA.

In fact, large brokerage houses, like Mellon Financial and JPMorgan Chase, have already partnered up with major health insurers like WellChoice and Cigna to begin offering equity-based savings options for these types of accounts.

Because these accounts are funded with pretax money — and withdrawals are tax free — HSAs are among the best savings vehicles around.

For more on this topic, click on Smart Money.

posted by Mike @ 11:20 AM