While adoption rates are increasing for health savings accounts, Dennis Triplett, CEO of UMB Healthcare Services, says few realize the full financial potential of these tax-advantaged accounts:

There are three primary ways HSA account holders save on taxes: tax-deductible deposits, tax-free earnings and tax-free withdrawals. Unlike other tax-advantaged spending accounts, HSAs also have the ability to accrue funds from year-to-year, and many have investment options, similar to other retirement savings vehicles.

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