“Why HSAs are surging in popularity,” by Suzanne Wooley, Bloomberg News

“The number of HSA accounts increased 16% year over year as of June 30, surpassing 21 million, according to a survey by consulting firm Devenir. Assets held in HSAs rose 23%, to $42.7 billion. As companies shift more health-care costs onto employees via plans with high deductibles, HSAs let workers put pretax dollars into savings accounts for medical expenses.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

HSAs are creating a huge repository of funds that will be available to people who keep themselves healthy (prime candidates for LTCI) to pay health and LTCI premiums later in life.

Why HSAs are surging in popularity

#hsas