Medical expenses and healthcare costs will be among the biggest expenses you can expect in retirement. Thankfully, there's a powerful way to prepare. For those in a high deductible health plan, a Health Savings Account is an account that you can use to save for current or future healthcare expenses. The Transamerica HSA offers several benefits to help you set aside money for healthcare expenses — now and in the future.

• Triple tax advantage – Contributions, investment growth, and distributions are tax-free when used to pay for eligible healthcare and medical costs. Plus, you can take penalty-free HSA distributions for any reason at age 65. Just keep in mind those withdrawals will be taxed as ordinary income
• Funds are always yours – Any savings not used this year can be used for future expenses
• Potential retirement boost – It can act as a highly tax-favored retirement account
• Convenience – Use your HSA debit card to make health-related payments immediately (we recommend keeping receipts for tax purposes)
• Investment Opportunities – Account balances over $2000 may be invested an array of mutual fund options.