More and more people are using health savings accounts, or HSAs, to help save for future medical expenses or even give a boost to their retirement funds. About 27 percent of covered workers were enrolled in health insurance plans with a savings option in 2024, according to a report from the Kaiser Family Foundation. These accounts come with many benefits, including the opportunity to invest and grow your funds tax-free.

Here are tips for how to invest your HSA and some other things you should know about these increasingly popular savings vehicles.