My friend and former colleague, Eric Johnson, recently wrote an article for BenefitsPro which outlined five reasons to enroll in an HSA. I actually agree with him that the HSA is going to be the plan of the future and that they do offer a number of great benefits for employers as well as employees. In fact, my family and I have had an HSA for the last couple of years. However, there are reasons why an HSA may not be for everyone. Here are some.
1) HSAs are not instantly financed
Of course we know by now that one advantage the HSA has over the FSA is the fact that unused funds can stay in the account indefinitely—no use it or lose it rule. However, the disadvantage is that funds usually need to build up over time.
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