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The average HSA account holder uses it more as a specialized checking account instead of as an investment account, a new EBRI report reveals. (Photo: Shutterstock)

Holders of health savings accounts are not just underutilizing HSAs by not saving enough in them, they’re also not capitalizing on what could be their greatest feature: investing.

So says a report from the Employee Benefit Research Institute, which reviews the trends in HSA usage from 2011–2016. Its database of 5.5 million accounts, with total assets of $11.4 billion as of Dec. 31, 2016, reveals that the average account holder apparently uses his HSA more as a specialized checking account, instead of as an investment account.

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