Health Care FinanceHRAs/HSAs

Health Savings Accounts can be part of a comprehensive financial strategy

Although Health Savings Accounts (HSAs) were designed to allow individuals to save for current and future medical needs on a tax-efficient basis; however, more than half of account owners spend most of their account each year, and with nearly one-quarter of individuals spending their entire account balance every year.  The Defined Contribution Institutional Investment Association wants to change that and has recommendations. Read their three recommendations for maximizing the benefits of an HSA here…

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