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Sweetnam is Legislative and Technical Director at ECFC, a non-profit organization dedicated to maintaining and expanding employee benefit programs on a tax-advantaged basis.
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At face-value, HSAs are for short-term medical expenses, but advisors suggest paying out of pocket to maximize HSA funds for investing and tax-free growth.
Health savings accounts continue to expand as more workers invest contributions, even as perplexity around eligibility and account rules continues.
Extended time between benefits sign-up and use, as well as overwhelming information, can render communication useless.
President Donald Trump unveiled a federal plan offering government-backed retirement accounts with a $1,000 annual match for workers without employer-sponsored plans.
HR leaders can help employees maximize HSA investments, boosting savings for future medical expenses.
