Is it worth it to open a Health Savings account if I’m super healthy and not at all worried about health bills?

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You are exactly the type who should have an HSA and save/invest that money, take advantage of tax breaks while having high deductible insurance (since you are healthy.

likesmart

Yes. You won’t always be super healthy. And your medical bills will grow over time.

Consider it a long game. If nothing else, at 65 it turns into something similar to a 401k. It goes in and grows tax free and you can withdraw it less taxes and without penalty. Or it can be used for medical expenses later in li. Or you can reimburse yourself 30 years from now for a qualified medical expense today that you pay out of pocket, and you let your HSA principle continue to compound for 30 years.

I’d suggest you read up more on the benefits.

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HSA is like additional IRA and can be invested. Pre-tax deduction and receives tax free earnings and can be withdrawn in retirement

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Yes, and buying and investing while you're healthy is the best time to start because you can let the money compound.

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I hate to tell you this but you aren’t always going to be healthy. Now is the time to save for when that happens

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How about if your a vet and get free VA medical coverage - is It still relevant?

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You can’t have HSA and use the VA. HSA policies are generally that, if you use VA care, you cannot make contributions for 3 months post.

Healthy now but I'm planning to use my HSA to cover hospital cost for future family/childbirth expense from what I understand is eligible.

YESSSSSSSSSSS. Because it then becomes another tax deferred retirement account. If you can, always max out your HSA too!

Do you all use HSA for medical payments out of pocket or pay those with credit card and save HSA for investment building

I usually pay out of pocket for medical expenses and don't touch my HSA. One exception was a surgery my husband needed that was several thousand out of pocket and unexpected, so we weren't quite prepared for that one when it came up and used the HSA to cover it.

helpful

Yes. Note the prerequisite is having a HDHP.

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