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Employers and workers are missing out on billions in potential savings from health care accounts that offer tax advantages.

U.S. consumers spent $491 billion on out-of-pocket health care costs in 2021, according to Kalorama Information. However, even though tax-advantaged health care accounts are widely offered, only $95 billion of those expenses were paid for with pre-tax dollars, with the remaining $396 billion paid for with post-tax dollars, Aite-Novarica reports.

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