Do you have a health savings account (HSA) through your health insurance? many types of policies now come with HSAs to cover out-of-pocket medical costs.
If you have a generous employer, you may receive $500 or $1,000 at the beginning of the year. In 2016, you can also contribute pre-tax earnings of up to $3,350 for a single person or $6,750 for a family to your HSA. You can invest any amount that you do not use on medical costs. In effect, these accounts can be used as retirement funds growing tax-free over the years.