More Investors Looking at HSA’s as the New 401k – Here’s Why

In recent years, U.S. companies have begun to consider health savings as an employee benefit. Many businesses increasingly see HSAs as the intent of plan developers—as a health care spending tool that allows users to save for health care spending on top of tax benefits.

Also Read :  Female entrepreneurs pushing boundaries in healthcare: Challenges & Opportunities

The premise sounds so good that U.S. consumers now hold more than $100 billion in HSAs, the highest funding point since health savings accounts were introduced in 2003.

“What makes HSAs so popular and powerful is that they have a triple tax benefit; you get a tax deduction for putting money in, it grows tax-free, and if it’s for medical expenses, it’s tax-free,” said Childfree Wealth founder Jay Zigmont. “

Also Read :  Healthy Dishes to Bring People Together



Source

Leave a Reply

Your email address will not be published.

Related Articles

Back to top button