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Health Savings Accounts: An underutilized tool for long-term financial wellness | BenefitsPRO
Posted by Boettcher Insurance Agency on
To help boost that longer-term growth potential, most HSA administrators will allow HSA members to allocate contributions to mutual funds or a brokerage account once their balance reaches a certain threshold.
There’s more: HSAs are owned by the individual and are portable for the employee from employer to employer. And, in the event of the HSA member’s death, the balance is payable to a beneficiary.