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Busting myths about HSAs

Friday, September 29, 2017/Categories: Virginia Business

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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.

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