The Change Mariner

Health Savings Accounts

KXAN:

There are some healthy benefits in the new Medicare law that could help you save money. Health Savings Accounts, or HSAs, have been in effect since Jan. 1. Like Roth IRAs, they're a tax-free way for people to set aside money to cover current and future healthcare needs. But unlike a Roth, there are no limitations, and the money is also tax-deductible.

"The beauty of it is the money that I don't use stays in that account and continues to earn interest year after year after year. So, for me, I consider it like a supplemental retirement account," Pam Wimibush, HSA holder, said.

Singles can put away as much as $2,600 this year, and the limit with a family policy is $5,150. If you're over 55, you can add another $500.