
Knowing you are prepared for the future can bring peace of mind. Anyone with a health savings account (HSA) has already taken steps to prepare for future medical expenses and health care costs. The next step? Deciding who will receive the funds in your HSA when you’re no longer around. Just like any other financial account, it’s a smart move to designate an HSA beneficiary—the individual(s) or legal entity that will inherit your remaining HSA funds when you pass away.
In this article we’ll cover some of the basics of what an HSA beneficiary is and why it’s a good idea to designate one as part of a secure and well-rounded financial future!
The designation of a beneficiary for your HSA is one more step you can take to secure your financial future. Having a contingency plan in place can give you peace of mind knowing that your loved ones will be taken care of should anything happen. Check one more thing off your to-do list and check your HSA beneficiaries today!