Just 5% of employees contribute the maximum allowable amount to their health savings accounts and only 4% invest any portion of their balance, suggests an analysis of more than 400,000 records from one of the nation’s largest HSA administrators.

As a result, HelloWallet cautions that inflation is eroding their healthcare purchasing power, which can be dangerous in the face of large medical bills. There’s also a sorely missed opportunity to accrue tax-free capital gains, which exacerbates a woefully low national savings rate and looming retirement savings crisis.

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