After 20 successful years, HSAs in need of modernization

Twenty years ago this December, President George W. Bush signed the bipartisan Medicare Prescription Drug, Improvement and Modernization Act of 2003. In addition to creating the Medicare Part D prescription drug benefit, the bill created the Health Savings Account (HSA). 

Health Savings Accounts are sometimes criticized as being a tool for the wealthy, but in fact, 78% of the over 31 million Americans with an HSA have a household income of less than $100,000. That’s because the HSA is the most powerful retirement savings vehicle for the middle class ever created – even better than a 401K. 

Not only can

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