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In 2023, employers have seen mixed news on retirement savings benefits. On the one hand, employees were more interested than ever in these benefits, and looked to employers to lead the way in helping them learn more about how to save for retirement. On the other hand, persistent worries about the economy led many Americans to believe that they were falling behind in saving for retirement.
A new report from Voya Financial underscores the valuable role that Health Savings Accounts (HSAs) can play as a supplement to a retirement savings plan. The report, "Amplify the power of HSAs to booth health care savings—now and in retirement," explains that the preferential tax treatment of these accounts can help workers put away more money for retirement.
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