Health Savings Act of 2016: Will it change HSAs?

HSAs can be invested in stocks, bonds, mutual funds and a wide variety of other investment choices. HSA owners often use their HSA much as they would a checking account: writing checks, using a debit card or even withdrawing money from an ATM to pay for qualified medical expenses.

More responsibility for health care spending: HSAs require individuals to take charge of their own health care spending. This will generally require more time devoted to learning about health care costs and alternatives than a person with traditional insurance coverage undertakes where much of the expense is simply paid.

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