Though reports have shown the steady growth of health savingsaccounts, in actuality, few consumers use the health savingsvehicle.
Just 8 percent of Americans have an HSA, according to a newsurvey from InsuranceQuotes.com. That's despite the fact that 50percent say they recognize the benefits and would consider usingone.
The reason for not doing so? Probably because most consumersremain confused over them: 86 percent say they don't understandHSAs, explaining they don't know how to qualify for one, whichmedical expenses can be paid for using the account or what theother financial benefits might be.
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