Advances in medical care and technology have resulted in longer lifespans, which is great news — but that also means more time in retirement. It’s estimated that nearly 50% of working-age Americans won’t be able to maintain their pre-retirement lifestyle unless they increase their rate of savings. To top it off, the average 65-year-old couple needs to save $315,000 to manage the cost of healthcare expenses in retirement alone. Fortunately, Health Savings Accounts (HSAs) can be one of the most effective tools to help bridge this “retirement gap.”
Get ahead of the curve today with the Encore Health Savings Account, powered by Lively, which offers:
● Tax-deductible contributions, tax-free spending on eligible healthcare expenses, and tax-free* capital growth on investments.
● Two industry-leading investment options** from Charles Schwab and Devenir, which include access to a variety of stocks, bonds, mutual funds, and ETFs.
● An account with funds that are yours to keep and grow for life, even if you switch employers. And unlike a flexible spending account (FSA), unspent money in an HSA never expires.