Risks and Opportunities: Terminated Participants’ Plan Accounts

When Amy switched to a high-deductible health plan to lower her monthly premiums, her employer encouraged her to open a Health Savings Account (HSA). The tax benefits sounded great, so she signed up. A year later, she realized she had paid several account fees, still hadn't met her deductible, and had a box full of unorganized receipts she might need if the IRS ever asked for proof. She also learn