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Health Savings Accounts: At the Intersection of Health Care and Wealth Care

Posted by: Symetra    Jul 11, 2019 1:27:25 PM

What do you think of when you hear the words “health savings account or HSA” as part of an employee benefits package? If you’re like most people, you mistakenly lump it in with the flexible spending accounts (or FSAs) offered by employers. But while FSAs have annual “use it or lose it” strictures and don’t carry over to the next year, HSAs offer tax benefits and long-term, flexible utility that can pack a powerful one-two punch. This combination can help pay for out-of-pocket health care expenses, and grow an individual’s retirement nest egg.

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Topics: health insurance, health care, health savings account, HSA