Health Savings Accounts (HSAs) have become increasingly popular in recent years, and several trends and predictions are shaping the future of these accounts.

One trend is the expansion of HSA-eligible expenses. As healthcare costs continue to rise, there is a growing push to expand the list of eligible expenses that can be paid for using HSA funds. For example, there have been discussions about including expenses related to alternative medicine, fitness and wellness programs, and even certain over-the-counter medications.

Another trend is the increasing use of technology to manage HSAs. Many HSA providers are developing mobile apps and online platforms to make it easier for account holders to track their expenses, make contributions, and access educational resources about healthcare and financial planning.

Furthermore, the prediction is that more employers will offer high-deductible health plans paired with HSAs as a way to control healthcare costs. This shift could lead to a greater adoption of HSAs among employees, as they become a central component of healthcare benefits packages.

References:

• SHRM - HSA Trends 2019
• Forbes - Health Savings Accounts Are The Future Of Tax-Free Retirement Funding