Have a Health Savings Account? Don't Make This Glaring Mistake
Health savings accounts (HSAs) are an extremely valuable savings tool for workers of all ages, as they let you set aside funds for medical expenses in a tax-advantaged manner. But recent data from the Employee Benefit Research Institute (EBRI) indicates that account holders aren't making the most of their HSAs.
Specifically, the EBRI found that most account holders use their HSA funds to cover near-term medical expenses rather than reserve those funds for expenses later in life, and invest them in the interim. In fact, in 2017, only 5% of HSA participants had unused funds in investments; the majority kept their unused funds in cash.
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Source Fool.com
