One common mistake plan sponsors make is representing the HSA as part of their employee welfare benefit plan.
Tag: Health care
"Employers may want to reevaluate the allocation of benefit dollars to better respond to employees’ needs and concerns,” says Alexa Nerdrum with Willis Towers Watson.
Owners of health savings accounts (HSAs) are primarily using them for immediate needs, EBRI finds.
HealthSavings Administrators, which created the guide with the help of an attorney, says its emphasis is on helping employees understand the value of HSAs as part of a comprehensive retirement planning strategy.
An increased interest among employees for a full suite of health and financial wellness benefits is sparking employers’ interest.
Some members of leadership in Congress have pledged to leave retirement plans alone, one speaker noted, but it remains to be seen how that will actually play out.
The results of analysis shows there is room for improvement for HSAs, both as investing vehicles and spending vehicles.
The service will be offered to certain annuity customers.
Health savings account holders with a DC employer match contributed $1,054 more to their HSAs in 2016 than those with no DC employer match, according to data shared by Fidelity.
The DOL fiduciary rule expansion establishes ERISA fair dealing requirements in the sale and service of health savings accounts; employers have a lot of questions about what this means.
Since the new Congress began in January, there have been more than 20 bills proposed that impact consumer-driven health plans, and more specifically HSAs.
Achieving retirement aspirations requires more than saving, investing and planning, it also depends on staying in good health, a survey report notes.
Investors understand the value of getting financial advice; 76% of those polled say a financial adviser can help them achieve their financial goals.
They spend a median of two hours a week, or 100 hours a year, taking care of finances while on the job.
HealthEquity’s new services will aim to combine wealth and health management for participants.
Panelists will explain how HSAs can be used as a savings and retirement vehicle and why high-deductible plans paired with these accounts are a good option for employers.
However, the overwhelming majority have not tried to figure out the expense.
Most participants are taking advantage of the combined benefits an HSA and 401(k) have to offer, but there is still a gap in knowledge of HSA basics among several participants.
The amounts individuals and families can contribute to HSAs has increased.
Nearly three-fourths of employers think HSAs should be open to all employees, not just those enrolled in a high-deductible health plan.