HealthSavings Administrators and HSA Coach Release White Paper: Making HSAs Relevant to Millennials

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HealthSavings Administrators and HSA Coach have released a white paper about Millennials’ health savings account (HSA) adoption rates and their use of these money and tax saving accounts. The paper shares research from a 2016 survey of HealthSavings’ accountholders, as well as commentary, insights, and tips from HealthSavings President Pat Jarrett, HSA Coach Founder/CEO Aaron Benway, and Roy Ramthun, who led the U.S. Treasury Department’s implementation of HSAs beginning in 2003.

“With decades ahead until retirement, Millennials stand to gain the most from investing in a HSA,” the white paper begins. “But research shows they lag behind other generations in understanding—and leveraging—the long-term benefits of HSAs.”

HealthSavings Administrators and HSA Coach have released a white paper about Millennials’ health savings account (HSA) adoption rates and their use of these money and tax saving accounts. The paper also provides tips for employers, advisors and other entities in making HSAs relevant to members of the Millennial generation.

“With decades ahead until retirement, Millennials stand to gain the most from investing in a HSA,” the white paper begins. “But research shows they lag behind other generations in understanding—and leveraging—the long-term benefits of HSAs.”

The paper shares research from a 2016 survey of HealthSavings’ accountholders, as well as commentary, insights, and tips from HealthSavings President Pat Jarrett, HSA Coach Founder/CEO Aaron Benway, and Roy Ramthun, who led the U.S. Treasury Department’s implementation of HSAs beginning in 2003.

To download the paper, visit HealthSavings.com/Millennials.

About HealthSavings Administrators

HealthSavings helps clients prepare for life’s changing health and financial needs with investment health savings accounts (HSAs). The company got its start in 1996 as a medical savings account (MSA) administrator and shifted focus to HSAs after the legislation enacting HSAs passed in January 2004. The company manages nearly $500 million in investments with clients in all 50 states, including employer groups, brokers, financial advisors and individual investors. Known as “the investor’s HSA,” HealthSavings has been consistently recognized as one of the best values in HSAs with mentions in Forbes, Money magazine, the Wall Street Journal, Kiplinger’s and Reuters as well as various online publications. Learn more at HealthSavings.com.

About HSA Coach

HSA Coach helps accountholders navigate the complexity of HSA usage and get the most benefit from them in a friendly, consumer-focused app. Launched in 2014 after Morningstar purchased HelloWallet, a fintech startup focused on financial wellness, the co-founders wanted to provide a convenient, consumer-owned mobile app to track HSA balances, store health expense receipts and other health documents, and provide tools and calculators to maximize the savings available in HSAs. Learn more at hsacoach.com

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Jenny Chu
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