HSAs Continue to Impress
Employee’s are learning how to use their HSAs more and more. A report by the Employee Benefit Research Institute found that the average amount of money in an HSA increased by 37 percent in 2014. At this time there are currently 13.8 million HSAs covering around 17 million individuals, with the accounts being worth an estimated $24.2 billion. HSAs were created in 2003 enabling individuals with high deductible health plans to have tax free saving on medical expenses. Although, the Employee Benefit Research Institute estimates that four out of five current HSA accounts have been created since 2011. The rise in …