President-elect Donald Trump and Republican lawmakers want to expand access to health savings accounts. If that happens, people who use these tax-advantaged plans to pay for health costs as well as investors who treat HSAs as another retirement option could benefit.
"We feel the election outcome certainly seems to lean more favorably toward HSAs, however, it may take time for that to play out," said Jon Robb, senior vice president of research and technology at HSA consulting firm Devenir.
Americans had opened 18.2 million HSAs as of June 30, up 25 percent from a year earlier, according to Devenir. Assets had grown to an estimated $34.7 billion by June, up 22 percent year over year. (See chart below.)