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The employer or plan participant can contribute pre-tax dollars into this account to pay for out-of-pocket health expenses. Check out our retirementplanning playlist for tips on receiving the most from your benefits. What Can You Use HSA Savings For In Retirement?
In our planning with clients, we like to employ a “pay yourself first” approach, especially as it relates to retirementplanning. You may have been contemplating starting contributions to a retirementplan, or you may have been contributing small amounts and are worried that you are behind in the game.
The costs for platinum and bronze plans can further differ based on the coverage they offer. Apart from this, medical inflation is another concern that you need to plan for. Medical inflation can increase the costs of medicines, in-hospital treatments, outpatient care, and more. Medical inflation rose 2.3%
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