HSA: Spending or Savings Tool? Depends on Whom You Ask

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Is a health savings account (HSA) a savings tool or a tool to pay for today’s rising healthcare costs? It depends on whom you ask. While HSAs were originally introduced to employees as a long-term investment tool that can also be used to pay for eligible medical expenses along the way, employees’ usage of the accounts has drastically shifted.

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With healthcare costs continuing to rise in the United States, it is projected that by 2028, healthcare spending will reach $6.19 trillion, an increase of more than 19%. What’s more, it is estimated

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