Health savings accounts are considered a smart financial move for employees who want to--and are able to--put aside money for health care expenses or save and invest money to pay for future health care costs in retirement. And the broker, advisor, or employer who hasn't at least looked into HSAs is missing out on opportunity. Recently there's been some decline in employer excitement over high deductible health plans (HDHPs), which are currently required to have an HSA. Some say HDHPs haven't fulfilled their promise of making employees savvy consumers of health care while saving employers money. And yet that doesn't detract from the benefits an HSA can offer an employee, including portability from employer to employer, and the oft-mentioned "triple tax advantage" of HSAs.
We have excerpted the 11 FAQs on the slides above from the book 2019 Health Savings Accounts Facts, by National Underwriter, our colleagues at ALM Media.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.