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DRAPER, Utah, Oct. 15, 2019 (GLOBE NEWSWIRE) -- HealthEquity, (NASDAQ: HQY), the leading provider of health savings accounts (HSAs) and complementary consumer-directed benefits (“CDBs”), helps debunk common myths people may have regarding HSAs.
October 15, 2019, marks National HSA Awareness Day, which unites the public and healthcare benefits industry to discuss the power of HSAs and their impact in fighting prevalent healthcare issues facing Americans today, including managing health-related out-of-pocket expenses, preparing for unexpected healthcare costs and planning for retirement. HealthEquity offers turnkey solutions, educational resources, and benefits and compliance insights so employers and their members can make informed, confident decisions about consumer-directed healthcare.
“HealthEquity is proud to be one of the first HSA administrators to provide access to member-level investment advisory services, continuing our commitment to helping people use pre-tax savings to pay for their healthcare,” said Dr. Stephen Neeleman, HealthEquity founder and vice chair. “HSAs provide a great opportunity for people to save money on taxes and financially prepare for the future, and we look forward to driving its education, adoption and usage to ultimately help improve lives.”
The benefits HSAs provide have already led to bipartisan support as part of a solution to improve the U.S. healthcare system. Putting money away for health expenses should be as simple as it sounds, but there is still confusion about HSAs. HealthEquity aims to clear up six common HSA myths:
For more information on HealthEquity and HSA solutions please visit: https://healthequity.com/learn/hsa/
HealthEquity administers health savings accounts (HSAs) and other consumer directed benefits for nearly 12 million members in partnership with employers, benefits advisors and health and retirement plan providers who share our mission to connect health and wealth and value our culture of remarkable “purple” service. For more information, visit www.healthequity.com.
[†] HSAs are never taxed at a federal income level when used appropriately for qualified medical expenses and most states recognize HSA funds as tax-free. Please consult a tax advisor regarding your state’s specific rules.