By Stephenie Overman | Virginia Business
September 29, 2017—As health-care costs continue to rise, an increasing number of employers around the country are using cost-savings tools such as health savings accounts to offer affordable benefits to their employees.
The accounts, known as HSAs, provide employees with both health and retirement benefits.
“An HSA has a dual purpose. That’s what its biggest sizzle is,” says Bill Kite, owner of D&S Agency in Roanoke, a United Benefit Advisors partner firm. “It’s a good tool for all sizes of businesses and for individuals. It allows people to put money away for a rainy day” while helping them cover current health-care expenses.