More Investors Looking at HSAs as a Way to Save for Retirement
U.S. companies have come to embrace health savings as a benefit for employees in recent years. Many businesses increasingly see HSA’s as plan developers intended -- as a healthcare spending vehicle that allows users to save for healthcare expenditures on a tax-advantaged basis.
That premise sounded so good that U.S. consumers now have over $100 billion held in HSAs, representing the highest funding point since health savings accounts were rolled out in 2003.
The opinions voiced in this article are for general information only and are not intended to provide specific advice or recommendations for any individual.
Brian O'Connell is not affiliated with US Wealth Management, LLC and LPL Financial.