As people struggle to set aside enough money to see them throughretirement while they’re also hoping to headoff today’s and tomorrow’s health care bills, a study shows thatworkers who put funds into both a 401(k) and a health savings account are saving moreoverall than those who just put money into a single account.

In wondering whether contribution rates to one or the other arenegatively impacted when workers have the option to save to both anHSA and a 401(k), Alight Solutions conductedits 2018 HSA and 401(k) Contribution Analysis andfound that on average, employees who contribute to both an HSA anda 401(k) save 8.9 percent of pay in their 401(k), plus anadditional 2.9 percent in their HSA. That’s higher, it says, thanthe average for workers who save only in a 401(k).

But workers are losing out on a lot of opportunities, since just20 percent of employees who are eligible for an HSA contribute to one. In fact, 36 percent ofemployees enrolled in an HSA-eligible health care plan don’tcontribute to an HSA.

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