As HSAs take on greater investing opportunities, providers are employing strategies designed to overcome some restrictions.
HSA providers and DC record keepers are trying many strategies to encourage participants to use HSAs as an investment source.
Record keepers are signing deals with HSA providers to incorporate health care into their expanded financial wellness programs.
Expanding health savings account allocations won't automatically improve participation, research shows.
HSA assets rose 20% to $51.4 billion for the year ended June 30, with an estimated $9.8 billion of that representing investment assets.
Employers are providing monetary contributions and other incentives to encourage greater HSA balances.