All Sessions | Benefits Solutions

 

2:00 - 2:45 Scott Mardis

 

Positioning HSAs as Retirement Savings Vehicles

 

Scott Mardis
Field Development Director, Kemper Benefits

William Stuart
Product Specialist - CDH Products, Harvard Pilgrim Health Care

 

Session Description

HSAs are similar to an IRA, offering individuals a tax-sheltered way to accumulate savings. Tax-free dollars in HSAs may be withdrawn instantly for qualified medical expenses, rolled over without penalty for spending in future years, or invested, to accumulate savings to pay for health needs after retirement. These accounts give workers the security of insurance against major illness, the opportunity to save tax free for routine health expenses, and the freedom of knowing you can take your account with you whenever you change jobs. This session will focus on the aspect of using HSAs as long-term savings vehicles rather than merely a reimbursement account.

 


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