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

US companies have come to embrace health savings as an employee benefit in recent years. Many businesses increasingly see HSAs as plan developers intended — as a health care spending vehicle that allows users to save for health care expenses on a tax-advantaged basis.

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This condition has been so good that US consumers now have more than $100 billion held in HSAs, representing the highest funding point since health savings accounts were launched in 2003.

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

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