Are HSAs the Next Retirement Account?

November 11, 2022 | Matt Nowak, AIF®, Defined Contribution Specialist, Assistant Vice President

A Health Savings Account (HSA) is a type of savings account that allows an individual to set aside pre-tax money to pay for qualified medical expenses, such as doctors, dentists, vision care, and prescriptions. Individuals are eligible to contribute to an HSA if they are covered under a High Deductible Health Plan (HDHP), most often offered by an employer.

This newsletter covers the growth of HSAs as a potential savings and investment vehicle for retirement, reviewing how HSAs work, contribution limits, and the recent trend by defined contribution plans to provide a consolidated holistic view of a participant’s retirement assets.

Read > Are HSAs the Next Retirement Account?

The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.