Forbes: Misunderstandings About Health Savings Accounts, 7 Takeaways

1. 43% think an HSA is an account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses.
2. 41% think you can use one to pay health insurance deductibles, coinsurance and copays.
3. 20% think you can set up an HSA with any type of health insurance plan.
4. 19% think that if you don't use the money in an HSA by the end of the year you lose it.
5. 15% think if you switch jobs, you lose your HSA.
6. 5% answered none of the above.
7. 25% don't know what an HSA is.

Source: Forbes, July 18, 2022
Source URL: https://www.forbes.com/advisor/health-insurance/confused-by-...

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