Making Sense of Health Savings Accounts

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By Newsweek Editors

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It's going to take Washington a while to figure out the future of health insurance. In the meantime, anyone with a high-deductible health-insurance plan, and a health-care savings account to go with it, can make some hay. They're ever more popular: some 4.5 million people were covered by these plans in 2007. That's more than doubled from the previous year. But folks flocking to these plans have yet to figure out the best way to capitalize on them. Their real worth is not in saving a fast buck on Band-Aids. They're really a back-door way to save for retirement. Here's how.

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