Woman with piggy bank Over the past few years, employee usage of HSAs is showing a pattern of spending the funds, yet employers are saying “HSAs are for saving.”

When it comes to employees’ understanding of how to leverage their benefits effectively and find the best care at the right price, how confident are they? In a recent consumer survey, Further, a leader in health care spending and savings account administration, found that 60% of employees reported having a high confidence that they know how to fully leverage their health savings accounts (HSAs). Comparatively, 75% of employers say that employees have a high understanding of their HSA.

Even with the majority of employees reporting to have a high confidence in navigating the HSA world, 40% of employees report feeling less than confident in understanding their account, suggesting that employers are also overstating – or misunderstanding – how comfortable employees are with navigating their benefits. And, employees may be guilty of overstating confidence as well.

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