As HSA account balances grow and become sizable assets for employees, they become a powerful – and increasingly necessary – financial planning tool. For example, a 65-year-old married couple who retired in 2011 with median prescription drug expenses would need $287,000 to have a 90% chance of covering all medical costs after retirement, according to an Employee Benefit Research Institute study.
Retirement expert Kimberly Sexton believes an employee can fund that number by saving via a health savings account.
