The rising cost of healthcare has led to an increased focus on the need for both short- and long-term savings to fund preventative and medical expenses. Employers are seeking additional tools that can be used to help employees plan for healthcare costs they will face throughout their lifetime, particularly during retirement years.

According to a 2015 United States Government Accountability Office study, 29% of Americans 55 and older don’t have a retirement nest egg. Additionally, a recent study by Health View Services estimates a healthy 65-year-old couple retiring today can expect to pay over $400,000 in healthcare expenses alone during retirement.

Health Savings Accounts (HSAs) are gaining recognition as one such tool for retirement savings due to their triple tax advantage, ability to cover Medicare premiums and out-of-pocket expenses after age 65, and investment capabilities.

The white paper covers:

• The retirement savings gap
• The advantage of HSAs for employers and employees
• The difference between HSAs and 401(k)s for healthcare spending
• The five steps to maximizing an HSA

Download the white paper to learn how HSAs can be an integral part of a holistic retirement strategy.