How Best to Incorporate the HSA into a Health Professional’s Practice

Despite the many benefits they offer, health savings accounts (HSAs) are missing from the retirement planning conversations most advisors have with their clients. The reason for this vary: until recently, there was no way for advisors to be paid for HSA assets they brought to the table. At the same time, many advisors, brokers, HR experts and other health professionals don’t understand how to maximize HSAs for long-term payoff. Moreover, HSAs don’t draw substantial assets from their account owners. Yet, the robust growth in both the number of HSAs, and the total assets held in HSAs over the past five years, suggest this is an ideal time for retirement planning experts to fully integrate the HSA into their practices.