KEY TAKEAWAYS:

HSAs offer triple tax advantages but many are underfunded or poorly invested.

Fees, limited interest rates, and weak investment options can reduce benefits.

Employees can switch HSAs via contribution, transfer , or rollover to better accounts.

Careful HSA evaluation ensures alignment with investment strategy and long-term healthcare costs .

Paired with high-deductible healthcare plans, health savings accounts help ease healthcare costs. HSAs are a triple tax-advantaged vehicle in the tax code, allowing for pretax contributions, tax-free compounding, and tax-free withdrawals for qualified medical expenses. However, few owners fund their HSAs to the maximum, and even fewer invest their HSA dollars outside a savings account.

Most consumers likely don’t fill their

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