Don’t Leave Money on the Table in Your Health Savings Account

Health Savings Accounts (HSAs) were created in 2003 so that individuals covered by high-deductible health plans could receive tax-preferred treatment of money saved for medical expenses.  Begonya Klumb, CEO of UMB Healthcare Services (UMBF) - Get Report , said account owners are leaving money on the table by underutilizing HSA investing options. 'Very few accountholders are currently using the investment options found within HSAs,' said Klumb. 'As a result they are missing out on the potential for triple tax advantages, something not found in other retirement savings vehicles.' UMB recently launched a new investment platform, UMB HSA Saver, to address this exact need.