Thank you for sharing!

Your article was successfully shared with the contacts you provided.
coins behind glass with words In Case of Emergency Break Glass The reason emergency funds exist is to provide financial support in the case of a significant unforeseen expense, and health care costs are one of the top expenses most people will face. (Photo: Shutterstock)

If there were a financial 10 Commandments, establishing an emergency fund with three to six months’ worth of living expenses would be near the top. Most experts will tell you this is a critical requirement for overall financial health and well-being.

What far fewer people are talking about, though, is the importance of creating a separate emergency fund earmarked for potential health care costs. By using health savings accounts, or HSAs, as dedicated medical emergency funds, savvy savers can take advantage of unparalleled HSA tax breaks and save big money on the health care costs they incur.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.