More education is needed on how to maximize your health savings account (HSA)
A recent study found older employees are slightly more aware than younger employees of how much money they will need for health care in retirement. The paper published by Optum Bank and Empower Retirement found most people seem to have no idea how much health care will cost in retirement but are open to learning more from employers. The study also found that the majority of consumers are saving or planning for retirement using multiple types of accounts, predominantly in 401(k) and traditional cash savings account but of the 47 percent who currently have or have had an HSA only 19 percent are using it to save for health care in retirement. Read article here…
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