A health savings account (HSA) is a taxsheltered savings account similar to the IRA, but set aside for medical expenses. Deposits are 100% tax-deductible for the contributor and can be easily withdrawn by check or debit card to pay routine medical bills with tax-free dollars. Larger medical expenses are covered by a low-cost, high deductible health insurance policy. What is not used from the account each year stays in the account and continues to grow interest on a tax-favored basis to supplement retirement or for future medical expenses, just like an IRA. It's a medical IRA that can benefit you. It's worth looking into.