The DOL has decided that HSA account holders are entitled to receive the same protection as IRA owners. (Photo: Shuttesrtock)

They may not be retirement accounts per se, but health savings accounts are subject to the Department of Labor’s fiduciary rule.

InsuranceNewsNet reports on alert sent out by the Wagner Law Group, which warns that those who provide advice on HSAs may be considered fiduciaries subject to the DOL rule if their communications amount to investment recommendations.

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