Health Savings Account (HSA)

Tax-Preferred Savings for Medical Expenses
Posted at 11:32 AM, Jan 12, 2017
and last updated 2017-01-12 11:32:48-05

Health savings accounts are a great option for millennials.

They’ve been gathering momentum as health care costs shift from your employer to you, the employee. President-elect Donald Trump has not yet said what healthcare will look like if he and a Republican Congress repeal Obamacare, but he’s made clear he wants to boost the use of tax-free health savings accounts.

Kevin McKechnie, the Executive Director of the American Bankers Association’s HSA Council, explains why the coming expansion of HSAs is good for young Americans.