It’s fairly easy to set up a health savings account (HSA), which is an account that you can use to pay for medical expenses. You can usually find information on how to open an HSA with your insurer by looking online or calling customer service. You’ll likely be asked questions about your income and family size, among other things. Once you have your account opened, you can contribute a monthly allotment, which will be taxed. The money in your HSA will grow in value if you are below the age of 65 and have more than $500,000 in medical expenses. That means you can use your HSA to buy Viagra (and other drugs and devices that are approved for sale within the account), without having to worry about incurring a financial burden.
Is It Worth It?
While it is always nice to have extra money in the bank, it is important to consider the investment opportunities that your money offers. Are you looking for short-term growth or long-term appreciation? Consider the type of money that you are investing and how much you are investing. The more you know about investments, the better off you will be. You should also consult with an investment professional if you are looking for additional guidance. An HSA is a good way to save for medical expenses, but it’s also important to consider other options as well.