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
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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.
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