Many consumers are in the dark about HSAs, survey shows

The high-deductible health plans are used by 14% of those polled

Although a majority of consumers know about health savings accounts, there is confusion about how they work and trepidation about using them, according to a survey from Guardian Life Insurance Co. of America.

The New York-based insurer surveyed 1,001 individuals for its Benefits and Behavior: Spotlight on Consumer-Driven Health Plans poll... The survey showed that 59% of those polled have heard of HSAs, but just 14% of them were actually using the accounts...

Investment News: Many consumers are in the dark about HSAs, survey shows