Some Americans are supplementing thier retirement funds with a Health Savings Account. People with a high-deductible insurance plan can have an HSA to cover future medical expenses. There is a penalty to withdraw this money for nonmedical reasons, yet after age 65, there is no penalty. An HSA can be a wise investment with great financial gain. You may contribute only $3300 per year into it, but these limits increase after age 55. If you should use or save these HSA funds depends on your expected future income during retirement.
NCPA Staff. “Using HSAs as IRAs.” Daily Policy Digest. National Center for Policy Analysis, 10 Jun 2014. Web. 17 Jun 2014.