Health savings accounts may be increasingly popular, but advisors need to make sure clients closely scrutinize the plans before signing up.

"HSAs are still in early stages of development," says Leo Acheson, a senior analyst at Morningstar. "There's been a lot of progress since they were introduced 10 years ago, but there's still a lot of room for additional improvements. Advisors need to make sure their clients really look at the fine print."

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