More Investors Looking at HSAs as a Way to Save for Retirement

US companies have come to accept health insurance premiums as a benefit for employees in recent years. Many companies increasingly see HSA as a plan designed by developers – as a health spending vehicle that allows employees to save for health care expenses on a tax-deductible basis.

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That’s so bad that U.S. consumers have more than $100 billion in HSAs, representing the highest savings since the health savings account was introduced in 2003.

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

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