White paper: The impact of COVID-19 on HSAs and FSAs

Executive summary

The pandemic has put unprecedented pressure on people, their families, businesses and the economy at large. Data shows that employees are not adequately saving for future health and other expenses, a worrisome trend as healthcare costs are only expected to climb. In this report, we’ll explore:

• The impact of the COVID-19 pandemic on health savings accounts (HSAs) and flexible spending accounts (FSAs)
• How legislative changes have played a major role in their value
• What we can expect to see in the months ahead
• Clear actions employers can take to support employee physical and financial wellbeing