Identity theft often seems like a distant threat that only affects those careless with their financial information. However, identity theft occurs much more often than you may expect. According to a 2015 Identity Fraud Study conducted by Javelin Strategy & Research, there was a new identity fraud victim every two seconds in 2014, with $16 billion stolen from 12.7 million U.S. consumers.
In 2003, the government established Health Savings Accounts (HSAs) as a way for people covered under high-deductible health plans (HDHPs) to get special tax treatment towards saving money for medical expenses not paid for by their insurance. With an HSA, payers were able to receive a tax benefit for saving money to cover their deductible.