The unsung hero of savings accounts is the Health Savings Account. The money you invest may be tax-deductible now, the growth within the account occurs tax-free, and withdrawals are tax-free if the funds are used for qualified medical expenses. (IRS Publication) This flowchart can be used as a guide for determining if your contribution may be tax-deductible.
Keep in mind, you will only be eligible for an HSA if you are enrolled in a high-deductible health plan.