Using Health Savings Accounts for Employers

This guide discusses the strategic use of health savings accounts (HSAs) in addressing health care costs for employers and employees. It outlines the growing importance of HSAs as part of a holistic retirement savings strategy, highlighting their increasing popularity. The document presents data on the growth of HSA total assets and investment assets, noting a year-over-year increase of 19% and 38% respectively in 2024. It also details the differences between various health care savings options, including pretax and Roth accounts, and emphasizes the tax advantages associated with HSAs. The guide suggests that employers should offer balanced reviews of health care savings options and provide ongoing investment education. Additionally, it encourages establishing processes to help employers set up HSAs, reflecting the critical role of health care expenses in retirement planning. The document serves as a resource for understanding the benefits and strategies related to HSAs in the context of employer health care offerings.