Welcome to Ask an Adviser, EBN’s weekly column in which benefit brokers and advisers answer (anonymous) queries sent in by our readers. Looking for some expert advice? Please submit questions to askanadviser@arizent.com. This week, we asked Jake Spiegel, a research associate of health and wealth at the Employee Benefit Research Institute (EBRI), to weigh in on the following: How can we reframe our HSAs to support DEI?
Health Savings Accounts (HSAs) are a useful way for people enrolled in HSA-eligible health plans to save for medical expenses. The powerful triple tax advantages they offer enable account holders to stretch their healthcare spending dollars further than they would otherwise go. However, not everyone uses HSAs optimally.
