HSA Dollar According to thelatest report from lively, 96 percent of HSA savings are going tospending on care, leaving precious little to form a foundation forlong-term retirement savings. (Photo: Shutterstock)

You can thank (or curse) the rising cost of health care. But health savingsaccounts aren't doing much to augment workers' savings towardretirement, although they have thatcapability.

And while some of that lack is certainly due to anotherlack—that of understanding by workers that HSAs can be used toboost long-term savings for retirement—the primary cause, accordingto data from Lively, Inc.'s second annual HSA Spend report, is thatrising health care costs are eating up pretty much whatever workersare able to save.

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Marlene Satter

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

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