What is a primary benefit of a health savings account (HSA)?

A health savings account (HSA) is specifically designed to provide tax advantages for individuals saving for medical expenses. Contributions made to an HSA are typically tax-deductible, which can lower your taxable income for the year. Additionally, the interest earned on the funds within the HSA is tax-free, and withdrawals made for qualified medical expenses are also tax-free. This triple tax benefit makes HSAs an attractive option for individuals looking to manage and save for health-related costs effectively.

While the other options mention various financial features, they do not accurately represent the primary benefit of an HSA. For example, investing in stocks and bonds, guaranteed returns, and automatic enrollment in health insurance do not align with the core purpose of an HSA, which revolves around tax advantages and medical expense savings. Thus, the emphasis on the tax benefits of an HSA highlights its significant role in personal finance management related to healthcare.