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6 Ways To Optimize A New HSA

Friday, September 27, 2013 - 8:49 AM
From The Fiscal Times:
When open enrollment begins next week for the president’s new healthcare program, chances are oneof your options will be a high-deductible insurance plan offered in association with a health reimbursement account—80 percent of companies said they planned to offer such a plan to their employees for 2014, according to a recent Towers Watson report. 

Used in combination, these two components can lead to cost savings of about 25 percent for both companies and employees (without factoring in the additional tax savings) – but they’re still not well understood. Nearly two-thirds of consumers simply don’t know how HSAs work, according to a Fidelity study.

Here’s a quick primer on what you need to know about HSAs.

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