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

US companies have embraced health savings as an employee benefit in recent years. Many businesses increasingly view the HSA as the plan’s developers intended — as a health care spending vehicle that allows users to save for health care costs. in health on a tax-advantaged basis.

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That premium is so good that U.S. consumers now have more than $100 billion held in HSAs, representing the highest funding point since health savings accounts launched in 2003.

“The reason HSAs are so popular and powerful is that they have a triple tax benefit; you get a tax deduction for putting the money in, it grows tax-free and comes out tax-free when used for medical expenses,” said Childfree Wealth founder Jay Zigmont.

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