Simply put, a lack of insight and advice means Americans are failing to take full advantage of health savings accounts (HSAs).
Tag: Health care
CoveredAdvisor2.0 is delivered in collaboration with Decisely Insurance Services and Humana.
Changes in health commonly cause early retirements, according to CRR researchers, as do spousal retirements and marital status changes.
When individuals plan ahead for long-term care, they can better secure their own future while reducing financial burdens on their friends and family.
Ninety-one percent believe their savings will last throughout their lifetime, MassMutual found in a survey.
But less than half are willing to do the same for better health care benefits, Willis Towers Watson learned in a survey.
While 80% of investors say their adviser discusses risk tolerance, only 50% say they bring up the subject of guaranteed lifetime income.
However, they also say their wealth has helped them live a healthier life, UBS found in a survey
Health care costs, especially, come with sticker shock
Only 25% expect life to be better in retirement, Nationwide found in a survey.
Furthermore, only 37% are contributing to an IRA, and 18% to a HSA, Edward Jones learned in a survey
Of the 48% who say their health care costs have increased, more than one-quarter have decreased their retirement plan contributions.
The guidance covers verification procedures, timely loan and hardship withdrawal repayments, and health care coverage.