Health savings accounts (HSAs) were created in 2003 to incentivize individuals covered by high-deductible health plans to save for medical expenses by receiving a triple-tax advantage. Recent studies estimate that only 8% of Americans have HSAs. While HSAs have been around for several years, three out of four HSAs were established within the last five years. What gives? Given the preferential tax treatment let’s review why a HSA can be a valuable component to your financial plan.