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HSAs seen as part of retirement benefits strategy

Almost 60 percent of employers surveyed believe HSAs should replace FSAs, and even more employers think HSAs should be available to all employees.

By Marlene Y. Satter | Updated on May 01, 2017
In the 10 years from 2006 to 2015, HSA assets surged from approximately $1.7 billion to approximately $30.2 billion. (Photo: Getty)

A new survey indicates that employers view health savings accounts as part of their retirement benefits strategy, and the majority think they should replace flexible spending accounts.

The study “Health Savings Accounts and Retirement Plans” from the Plan Sponsor Council of America finds that 75.3 percent of employer respondents see HSAs as part of their retirement benefits strategy, with a little more than 40 percent of respondents indicating that 25 percent or fewer of their participants use up the entire HSA balance every year while another 35 percent of plans report that 26–50 percent of participants do use their entire balance every year.

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