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Expand Your Retirement Offerings with HSA Investment Account

The Retirement Savings Gap The cost of healthcare in retirement continues to grow, but many consumers aren’t saving for these future expenses. An HSA can play an important part in bridging this retirement savings gap.


Works with Your Retirement Plan Employees can use an HSA for IRS-qualified healthcare expenses now and in retirement. After age 65, employees can withdrawal funds from the HSA for any purpose without penalty but may be subject to income tax if not used for IRS-qualified medical expenses.  


HSAs – a Changing Landscape Given the triple tax advantage (tax-free contribution, tax-free growth, tax-free withdrawals) of HSAs, it’s easy to see why 75% of employers view them as an integral part of their retirement benefits strategy. Additionally, more than 40% of employers automatically enroll employees in the HSA if they enroll in the HSA-qualifying healthcare option, up from 35% in 2020 and 32% in 2019.2


HSA Investment Assets (in billions) HSA providers project HSA industry asset growth of 10% in 2022. The average investment accountholder carries a $16,397 average total balance (deposit and investments). Devenir currently projects that the HSA market will approach 43 million accounts by the end of 2025 with $59 billion in assets.3

Investment Line-up Approach The investment product selection process seeks to offer employees a diverse range of investment options to help pursue their savings goals. The line-up of investments options includes broad, market exposure-based products and focused products that allow for more customized portfolios.


Contact CSi Advisory Services, a division of HUB International, to start the conversation.


1 HSA Bank Health and Wealth Index.SM” HSA Bank, March 2021. 2 “2022 HSA Survey, PSCA’s Benchmarking Survey of Health Savings Accounts.” Plan Sponsor Council of America, October 2022.

3 “2022 Year-end Devenir HSA Research Report.” Devenir, September 2022.


This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal or investment advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advisory services offered through Global Retirement Partners, LLC, an SEC registered investment advisor. Insurance services offered through HUB International. Global Retirement Partners, CSi Advisory Services, a division of HUB International, and  HUB Retirement and Wealth Management are not affiliated with LPL Financial.

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