The Health Savings Account was only signed into law in late 2003. It didn’t really start gaining popularity until recently. Rising healthcare costs have caused many individuals and employers to make a switch from traditional low deductible plans to a high deductible health plan. While you may not have heard much about it before, we think this is changing and will continue to do so.
Source: U.S. Department of the Treasury. Health Savings Accounts (HSAs)