Search
 
Research

Only a quarter of Americans using HSAs to save for retirement

A LIMRA/IRI study results indicate there is much to be done to educate consumers, advisors and employers of the full benefits of HSAs.

By Emily Zulz | Updated on March 16, 2018
HSA Dollar many Americans are unaware that they can use their HSA assets to pay for health care and long-term care expenses in retirement. (Photo: Shutterstock)

Only a quarter of Americans with health savings accounts (HSAs) plan to use their account assets to fund future health care costs in retirement, according to a new joint study by the LIMRA Secure Retirement Institute and the Insured Retirement Institute.

The groups surveyed consumers, financial advisors, asset managers and employers to get a complete understanding of the HSA market and how the accounts are used. The study includes 2017 survey results from of 2,141 Americans, weighted to represent the U.S. population; 132 active financial advisors; and 1,497 private employers with 10 or more employees.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Emily Zulz

Emily Zulz

Emily joined the ThinkAdvisor team as a reporter in the summer of 2014. She previously worked as a reporter for The Daily Journal in Kankakee, Illinois for a year and as a reporter and editor for The Daily Eastern News in Charleston, Illinois for two and a half years. Prior to joining ThinkAdvisor, Emily worked on Groupon’s editorial team in Chicago as a fact checker for three years. She graduated cum laude with a BA in journalism from Eastern Illinois University, and she has been the recipient of two journalism awards for her news reporting at daily newspapers.

More from this author

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2025 ALM Global, LLC. All Rights Reserved.