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In January, the health savings account celebrates its 10th anniversary. The savings vehicle not only offers employees medical savings by using pre-tax dollars, it also serves as a retirement benefit for future health care costs.
HSAs offered through high deductible health plans offer savings for employees and employers alike and have increased the popularity of consumer driven plans by complementing the benefit and making the high deductibles more attractive to consumers.
Koster is a Los Angeles-based freelance writer and former Employee Benefit News online managing editor.
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