HSA Strategies
Health Savings Accounts (HSA) have become commonplace since their slow start in 2003. According to the Employee Benefit Research Institute, the average account balance in 2018 (the latest published numbers) was $2,803 — and in 2020, the maximum deposit for a family headed by someone over the age of fifty-five could reach $8,100 per year.
If you participate in a Health Savings Account, though, you might want to reconsider how you use that money.