Two additional key benefits of HSAs that employers need to explain to employees: no income limits and no required distribution.(Photo: Getty)

INDIANAPOLIS — Although health savings accounts (HSAs) have been around since 2005, they’re an often under-used tool for managing health care costs. Many employees don’t understand their value or how to use them effectively.

But employers should consider positioning health savings accounts as another wealth-building tool to help employees save for retirement, suggested Cris Ruiz, vice president, UMB Healthcare Services. Ruiz presented a session, “Using a Health Savings Account to Build Long-Term Wealth” at the annual BenefitsPRO Broker Expo.

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