8 Ways Gig Workers Can Build Financial Stability
- By
Julia Austin
Open A Health Savings Account
Source: Carol Yepes / Getty
In addition to purchasing health insurance, you might consider opening a health savings account. This is a savings account specifically for medical expenses that earns interest. It is best for those with a high deductible or high co-pay insurance plans. In the event of a claim, you might struggle to pay your high deductible and your earnings, a health savings account can help reduce your costs. Unlike with a Roth IRA, you can withdraw on your health savings account at any time. Learn more about this type of account at HealthCare.gov.
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