| Owners of health savings accounts (HSAs) are primarily using them for immediate needs, such as deductibles, coinsurance and copayments, according to the Employee Benefit Research Institute (EBRI). Thus, they are using HSAs more like checking accounts than investment vehicles, EBRI says. With 96% of HSA account holders investing their money in cash, HSA owners are grossly missing out on the tax benefits of any interest or capital earnings on assets in the accounts building up tax free, EBRI notes.Read more > |
