Expanding HSAs Could Help Fix America’s Broken Health Insurance Model

ANNEMARIE SCHIEBER | June 27, 2019

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A recent survey revealed only one in five people currently enrolled in an employer-sponsored health plan have a health savings account (HSA). More unsettling, few use them to save money for future health expenses.There could be a variety of reasons why people dont use HSAs, but lack of a tax perks cant be one of them. Unlike 401ks, Roths or traditional IRAs, HSAs offer a double savings bonus.  They are pre-tax, meaning contributions from salary or wages are exempt from income and social security tax and money in the account grows tax-free. There is no timetable for withdrawals.

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ThinkRisk Underwriting Agency (ThinkRisk) is a managing general underwriting firm that offers specialized professional and management liability insurance products for U.S. businesses, including cyber, errors and omissions, media, and not-for-profit and private company directors and officers related coverages. ThinkRisk is a series of RSG Underwriting Managers (RSGUM), the international specialty insurance marketplace within Ryan Specialty Group (RSG).

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ThinkRisk Underwriting Agency (ThinkRisk) is a managing general underwriting firm that offers specialized professional and management liability insurance products for U.S. businesses, including cyber, errors and omissions, media, and not-for-profit and private company directors and officers related coverages. ThinkRisk is a series of RSG Underwriting Managers (RSGUM), the international specialty insurance marketplace within Ryan Specialty Group (RSG).

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