[vc_row][vc_column][tm_heading tag=”div” custom_google_font=”” text=”Health Savings Accounts (HSAs) might be the single most powerful tax-advantaged savings vehicle in the IRS tax code. You can deduct contributions, experience tax-deferred gains and withdraw money tax free for qualified tax expenditures. It’s essentially a no-tax savings vehicle when used correctly. However, many Americans are missing out on this valuable tax planning, savings and investment option.

A recent report by HealthSavings Administrators shows many consumers and financial advisors don’t understand HSAs. In their survey, they found nearly 60% of advisors aren’t offering HSAs to their clients, roughly 26% don’t discuss HSAs with clients at all and 36% reported that they don’t understand HSAs. Furthermore, 40% of advisors claim their clients don’t understand HSAs either.” link=”https://www.forbes.com/sites/jamiehopkins/2019/08/14/breaking-down-the-basics-of-hsas/#63780f4d67e4″][tm_spacer size=”lg:50″][vc_column_text]”One of the biggest benefits of using an HSA are the tax benefits.”
― Jamie Hopkins[/vc_column_text][tm_spacer size=”lg:50″][tm_button align=”center” button=”url:https%3A%2F%2Fwww.forbes.com%2Fsites%2Fjamiehopkins%2F2019%2F08%2F14%2Fbreaking-down-the-basics-of-hsas%2F%2363780f4d67e4|title:Read%20Full%20Article%20at%20Forbes|target:%20_blank|”][/vc_column][/vc_row]