HSA Knowledge Gap Offers Clear Adviser Service Role

PLANADVISER
A new report by the LIMRA Secure Retirement Institute and Insured Retirement Institute (IRI) finds only 51% of Americans believe they are knowledgeable about health savings accounts (HSAs). In particular, many Americans are unaware that they can use the HSA assets accumulated in their working years to pay for health care and long-term care expenses in retirement. This points to a clear opportunity to educate employees about the value of using HSAs for building wealth over the long term.

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