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Health Savings Accounts are a portable, tax-advantaged savings vehicle that works in tandem with a high-deductible health plan. They were created to help people save and pay for medical expenses tax-free. Since their introduction in 2004, growth projections for HSAs have been heady. Today, we have more than forecasts to validate the HSA market. America’s Health Insurance Plans recently reported that over six million people are now covered by HSA-eligible health plans. If each of these people opened an HSA (and so far, about 2 million have), wouldn’t you want the credit union industry to capture its share of these accounts? Would your credit union be ready?

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