HSA Balances Grew 12% in 2022 -- Here's Why It Pays to Contribute to Yours
There are certain savings plans many people are familiar with. Many folks, for example, have heard of a 401(k) or IRA.
But HSAs, or health savings accounts, are less well-known. And that's a shame because these plans offer a world of benefits to those who are eligible for them.
That said, at the end of 2022, HSA balances rose about 12% on a year-over-year basis, reports Bank of America. And the average individual account balance grew from $3,931 to $4,397 during the first six months of 2023.
Source Fool.com
