In geographical terms the Caribbean area includes the Caribbean Sea and all of the islands located to the southeast of the Gulf of Mexico, east of Central America and Mexico, and to the north of South America.
An HSA is a special, tax-advantaged savings account you can use to pay for qualified medical expenses. You deposit money in your HSA, where it earns interest tax-free. Funds are not taxed when withdrawn for qualified medical expenses.
For non-healthcare purposes, HSAâs can be withdrawn from early at a 20% penalty, rolled over into a retirement account, or be withdrawn from without penalty at 65. You can also use the money for long-term care. There is no âlose it or use itâ rule. You can keep your HSA money, invest it, roll it over to another savings account, and more.