HSAs

A survey from Equitable found that people at every income level are feeling the pressure of inflation.

The estimate for the amount required for 65-year-old spouses is one of many from a study full of figures that advisers can use to highlight the value of HSAs.

A client's immediate health needs make saving their accounts until they're 65 or over a difficult endeavor, and the accounts carry some highly specific rules.

Planners can help savers avoid higher taxes, IRS penalties and Medicare headaches by guiding them through the strict guidelines for the accounts.

They can be a more tax-effective way to save for retirement than an IRA for those who are able to max out contributions and pay for medical expenses with other funds.

There are many benefits to offering HSAs. But there are also some responsibilities that employers should be aware of.

Because HSAs are still relatively young, it can be difficult to implement them effectively to make the most of what they have to offer.