Health Savings Accounts for Medical Costs & Retirement Savings - Infographic
When it comes to healthcare benefits enrollment, employees spend on average just 18 minutes choosing which benefits are best for them and their family, far less than the 4 hours the average consumer spends when deciding which mobile phone to purchase. Many Americans report that they struggle with the benefits enrollment process, particularly when there are so many different benefit options to choose from. One often underutilized employer-provided health savings option is the Health Savings Account, better known as the HSA. Our infographic below shows why the HSA is an excellent tool not only for saving for medical expenses but also for growing your retirement nest egg.