woman and man holding arms out to express confusion (Photo: Shutterstock)

With health care costs continuing to rise, employers have increasingly settled on high deductible health insurance plans (HDHPs) as a way to keep their health expenditures in check, with more than half of the U.S. workforce enrolled in one. Along with the HDHPs, more employees are also enrolled in health savings accounts (HSAs), which can be paired with HDHPs to pay for qualifying medical costs in a tax-advantaged way.

Though they are used primarily for health care-related costs, the tax advantages are so generous in HSAs that financial experts wish employees would start thinking of them as both a source of money for current medical expenses and a potential way to pay for retirement health spending.

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

Copyright © 2023 ALM Global, LLC. All Rights Reserved.