Savers use HSAs for current expenses

Savers using Health Savings Accounts (HSAs) are primarily using the funds for current expenses, and not investing, according to new research. The study found that only 9% of accounts were investing in 2020, up from 2% in 2011. Just 4% of accounts that were open for one year had investments, compared with 13% of accounts established for 10 years. Some accounts require a $1,000 account minimum to invest. The report also noted that many account owners may not realize they can invest the funds.

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