How HSAs Offer Financial Benefits to Millennials
If you’re a millennial (people ages 23-38) medical costs can be overwhelming, especially when millennials make an average annual salary of $47,034.1 Many of them also have about $28,000 in debt,2 causing nearly half of them to put off seeking medical care because they can’t afford it.3
A great way to offset medical costs and contribute to your overall wealth is with a Health Savings Account (HSA). HSAs are paired with qualified High Deductible Health Plans (HDHPs) and allow you to pay for eligible medical costs. Think of it as a savings account devoted only to medical care that may provide a lifetime of benefits.
Four Benefits of an HSA
Whether you’re in perfect health or someone with underlying health concerns, an HSA offers the financial benefits you need to help take care of future medical costs.
This blog is up to date as of May 2020 and has not been updated for changes in the law, administration or current event.