Improving health care literacy can help employees make the right financial decisions.
Its features include fractional trading up to eight decimal points, auto-rebalancing and real-time account opening and trading.
An individual with self-only coverage under a high-deductible health plan can contribute up to $3,650, $50 more than in 2021.
The projected cost of health care for the average couple retiring today is up 30% from 10 years ago, according to new data shared by Fidelity, underscoring the need to muster more holistic financial planning resources for workers and retirees.
Ascensus CEO David Musto says the goal of the deal is not for his firm to radically shift its strategy or change its approach to doing business; instead, the transaction is about scale, resources and knowledge-sharing.
Speakers at the virtual PLANSPONSOR 2021 HSA Conference touted the benefits of health savings accounts and explained what HSA rules plan sponsors should know.
One notable feature is that account holders can deduct from their own income the amount of HSA contributions made to their account by other people—but not the employer.
Experts weigh in on health savings accounts (HSAs) and the need for health care education in the retirement industry.
Simply put, a lack of insight and advice means Americans are failing to take full advantage of health savings accounts (HSAs).
The firm has teamed up with health care financial services providers Optum Bank and Discovery Benefits.
However, excess deferrals made by participants in 2019 must still be paid to participants by April 15.
Vanguard modifies managed payout fund; Transamerica launches stable value option for 403(b)s; Fidelity announces health savings mutual funds; and more.
Chad Wilkins, president of HSA Bank, says the new relationship will provide a useful tool for customers, uniting health and wealth planning.
The TIAA HSA will be administered by HealthEquity Inc. and will work in concert with TIAA retirement plans.
The Fidelity HSA is described as “a full-service, open architecture brokerage account that is fully integrated with Wealthscape,” Fidelity’s adviser technology platform.
The integration will give participants the ability to view and manage their retirement and health savings accounts holistically.
One overlooked benefit of HSAs is that people can actually spend money on qualified health care expenses out of pocket and then reimburse themselves tax-free via the HSA once they enter retirement.
Linking health care and wealth management; maximizing practice efficiency and cross-selling opportunities; addressing individuals' insurance and financial wellness needs—Hub’s new retirement plan specialist advisers hope to do all of this and more.