green stylized HSA card Three quarters of sponsors require a minimum balance of at least $1,000 to invest assets beyond money market funds or cash.(Photo: Shutterstock)

Employees still don’t really get the potential of health savings accounts as a retirement planning tool, and 60 percent of plan sponsors say that employee education is a dominant concern.

That’s according to Plan Sponsor Council of America’s inaugural survey on HSA plan design and use, which finds that while assets in HSAs are quickly increasing, workers still don’t understand how they can use those accounts to save for retirement.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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