The Internal Revenue Service announced new, higher contribution limits for health savings accounts for 2021 today. You’ll be allowed to contribute $3,600 for individual coverage for 2021, up from $3,550 for 2020, or $7,200 for family coverage, up from $7,100 for 2020.

In the meantime, you can still top off health savings account contributions for 2019 through the Covid-19-related extended tax day deadline of July 15, 2020. And it’s as good a time as ever to check that your contributions for the 2020 calendar year are on track.

While more and more Americans are opening up these triple-tax-advantaged accounts, few are fully embracing the potential tax savings they offer. Some accounts go unfunded. And only 6% of accountholders choose to invest the money they contribute, according to the Employee Benefit Research Institute.

Is it really worth the hassle of keeping track of a savings and investing account dedicated to healthcare? Absolutely. With an HSA, you save whether you use the money in the account for current out-of-pocket healthcare expenses, or invest it with the intention of using it to help cover your healthcare costs in retirement.

You can even used an HSA to save on a typical trip to the CVS. Thanks to a tax relief provision tucked in the last Covid-19 stimulus package, you can use money you stash in an HSA or FSA (more on those later) for over-the-counter medications like Tylenol or Flonase as well as menstrual products like tampons and pads. That reverses Obamacare restrictions on OTC meds requiring a doctor’s prescription for them to be eligible for reimbursement. Lively, an upstart HSA and FSA provider, has an updated list of eligible expenses here.