As more employees join health savings accounts to offset the rising healthcare costs, benefits managers need to educate them that these same funds can be saved to supplement Medicare during their retirement years — and even as a rainy day account instead.

“We’re starting to see people cut up their HSA card and not use it at the pharmacy or doctor and they will negotiate prices more,” said Eric Remjeske, president of Devenir, who spoke recently at Employee Benefit News’ Benefits Forum & Expo in Boca Raton, Fla.

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