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HSAs on the rise, but employees need to know more about them

More work still needs to be done to show employees the advantages of HSAs.

By Marlene Y. Satter | Updated on May 26, 2017
More work still needs to be done to show employees the advantages of HSAs. (Photo: iStock)

According to Fidelity Investments, health savings accounts — and the assets within them — are rising quickly, as both employers and employees try to find ways to pay for health care. Still, a number of the features of HSAs are still underutilized.

While Fidelity says that assets in its HSAs rose 50 percent in the past year, now topping $2 billion, and the number of individual account holders rose 46 percent during the same period to 657,000, it points out more work still needs to be done on showing employees the advantages of such accounts.

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