Working Americans Are Passing Up a Key Savings Opportunity
Healthcare is a major burden for working Americans and retirees alike. In fact, 82% of employees today see medical expenses as their biggest challenge, according to a study released last year by Willis Towers Watson. It's surprising, therefore, to learn that only 25% rank contributing to a health savings account (HSA) as a top financial priority. In fact, 69% of employees who didn't enroll in an HSA last year say they opted out because they didn't see the benefit or didn't understand how HSAs work.
If you're eligible for an HSA, you should know that by not funding one, you're missing out on a key savings opportunity. And that's something you might regret in the near term as well as retirement.
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