Deciding on an HSA or not?

I simply turned 40 and just lately turned a single father of a 16 & 11-year-old. Late to the retirement financial savings sport and simply now getting began with saving for the longer term – retirement, rIRA, an everyday brokerage account, and so forth., on account of being in debt in my 20s & 30s. As I’ve virtually paid off all debt, I’ve been learning the flowchart and might’t determine if an HSA is true for my kids and me. All three of us are wholesome, however my daughter sustained a minor wrist damage throughout PE final week. Yesterday, my son suffered a reasonable hand damage throughout a wrestling event that might require surgical procedure. My daughter would possibly want braces in a few years or sooner.

As I’m getting ready to be debt-free and give attention to organising my future, I’m attempting to acquire perception into the professionals and cons of an HSA. This yr I’ll lastly be capable of max out the $22.5k 401k restrict and $6500 IRA that I back-door convert since I’m over the restrict. And for now, for the mindset preparation, I'm greenback value averaging round $260 a month into VTI by way of a brokerage account.

Recognize any suggestions. Thanks!