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Are You Making This Major HSA Mistake?


If you have a health savings account (HSA), there's a good chance you're not flexing its full financial muscle, since research shows that only 5% of HSA holders are using one of the account's most powerful features.

An HSA has three tax benefits: Contributions are made with tax-free money, withdrawals to cover qualified expenses aren't taxed, and HSA investments grow tax-free. It's this last tax perk that's sorely underused, with a study by the nonprofit Employee Benefit Research Institute (EBRI) concluding that 95% of HSA accounts contain only cash balances and no investments..

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Source Fool.com


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