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Health savings accounts (HSAs) are well established in the U.S., but are underutilized and less well understood than qualified retirement plans, according to the latest Cerulli Edge — U.S. Retirement Edition.

The industry, however, is expected to evolve during the next several years in response to trends emphasizing holistic planning and financial wellness, the report said.

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Michael S. Fischer

Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.