3 reasons why women should use HSAs to save for retirement

Here's why investment-focused Health Savings Accounts should be on every young woman’s radar.

By Alison Moore | January 14, 2020 at 12:07 PM

collage of woman with laptop and word HSA

A recent article from Bustle titled “How to Save for Retirement in Your 20s” powerfully explained why saving for the future is one of the best financial decisions young people can make. This is particularly true for women, who typically live longer than men and need their retirement funds to stretch further.

However, according to a recent study by GOBankingRates, women are only contributing half as much to their retirement accounts annually as men are. In addition, women’s median earnings were 81% of men’s in 2018. Until the income gap gets closed for good, women will likely receive less in Social Security benefits, since those benefits are based on individuals’ lifetime earnings.

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Self-funded healthcare is a health plan strategy that offers a number of advantages to employers over fully insured health plans, including new opportunities for cost containment, increased transparency, greater flexibility and more control over health plan design--all of which are reviewed in this guide.

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