Health Savings Accounts feature prominently in the new health care bill being considered by the U.S. House of Representatives, with a variety of changes in store.
But research shows not many participants are actually saving money beyond the initial tax break.
More than 20 million Americans currently have these accounts, which allow people with high-deductible health plans – above $1,300 for an individual or $2,600 for a family – to put aside money for out-of-pocket medical expenses and save leftover funds for future expenses.
Contrary to Flexible Spending Accounts,…
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