Health savings accounts (HSAs) continue to grow in popularity nationwide. According to a May 2012 report from America’s Health Insurance Plans, more than 13.5 million Americans are currently using HSAs partnered with high-deductible health plans – an 18 percent increase from last year’s report. However, many have yet to fully realize the tax advantages and long-term financial benefits of these accounts. Dennis Triplett, CEO of UMB Healthcare Services, a division of UMB Financial Corporation (NASDAQ: UMBF), provides the following perspective on key tax and financial planning considerations for HSA account holders ... |