Triple tax advantages touted for HSAs

Are health savings accounts simply better than 401(k) plans? A leading authority will weigh in at the EBN-produced 25th annual Benefits Forum & Expo Sept. 9-11 in Phoenix, Ariz.

Are health savings accounts simply better than 401(k) plans?

While there’s no simple answer, a leading authority is quick to point out the unsung potential of HSAs as a long-term investment vehicle at a time when some critics have suggested the 401(k) plan model provides insufficient savings.

“HSAs are the only investment savings vehicle in America that has triple-tax advantage; namely that the money contributed goes in on a tax-free basis, the earnings on that money are not taxed and the money that comes out of the account is not taxed,” explains Kimberly Sexton, vice president of Total Benefit Communications, LLC. In contrast, she notes, 401(k) distributions are taxed and Roth IRA contributions require an upfront tax.

Her views will be showcased in a workshop entitled “HSAs, the New 401(k)s” at the EBN-produced 25th annual Benefits Forum & Expo Sept. 9-11 in Phoenix, Ariz.

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