HSA Growth Continues, With Plan Sponsors Calling for More Education
The latest PSCA survey revealed rising health savings account usage, with employers advocating for more education to further participant uptake.
Tag: health savings accounts (HSAs)
Product & Service Launches – 4/18/24
Durham to assist financial advisers with retirement income planning; Summit Financial bolsters private market investment platform amid demand; inVesti launches...
HSAs: Holistic Education and Targeted Outreach
Advisers and plan sponsors should embrace holistic financial wellness and targeted outreach when engaging participants about health savings plans.
Evaluating HSA Providers
HSAs are on the rise, but advisers and plan sponsors must take care when selecting vendors.
High-Deductible Health Plan Opportunities and Challenges
The usefelness of high-deductable health plans depend in part on a plan sponsor's participant pool makeup, according to panelists speaking...
HSA Balances See Upward Trend, Despite Increase Healthcare Spending
Recent EBRI data reveal a rising average in health savings account balances, despite employees frequently using them for short-term spending.
Why Defining Plan Goals is Key to Success
Plan sponsors should articulate organizational objectives to derive optimal benefits from workplace financial wellness initiatives, say experts during a PLANSPONSOR...
Bank of America Reports 15% Increase in 401(k)s in 2023
The increase came partly from increased contributions, partly from market gains, which was also noted in separate 401(k) investing research...
Inspira Simplifies Structure, Targets More Holistic Market Approach
Inspira Financial, formerly Millennium Trust, will be doing outreach to plan advisers with a more streamlined structure, executives say.
Voya Launches Financial, Health Dashboard
The data-driven personalization of the experience is intended to add to Voya’s employee wellness offerings.
Open Enrollment Means Open Door to Participant Conversations
While open enrollment season is generally seen as too crowded to push 401(k) saving, it is a time for many...
HSAs Still Have Room for Improvement, Morningstar Reports
Despite the rapid growth of HSAs in recent years, providers can still do more to encourage HSA participants to use...
Americans Underestimate Health Care Costs’ Impact on Retirement Decisions
Health savings accounts and cash flow from annuities can help mitigate too-rosy thinking, says retirement income association fellow.
House Bills Aim to Increase Use, Contribution Amounts For HSAs
Bipartisan legislation looks to address “outdated bureaucratic barriers and red tape” regarding the tax-advantaged health savings accounts.
Conduent to Transfer $2.7B in HSA Assets to HealthEquity
The business processes outsourcing provider will exit the flexible spending account business, and plan sponsors' accounts will transfer to HealthEquity...
As Health Costs Dominate Budgets, HSAs Continue to Emerge as Retirement Saving Vehicles
Expert says the marketplace has approximately 36 million HSAs, housing more than $100 billion in assets.
HSA-Eligible Plans Cover Increased Use of Certain Medical Services, EBRI Finds
Following a 2019 IRS policy change, 75% of large employers offering HSA-eligible plans have expanded their pre-deductible coverage for chronic condition-related medication.
Benefits Aggregator Hub Adds In-House HSA
The proprietary health savings account will put participant savings into Hub-selected investment funds.
Inflation Drives IRS to Raise HSA Contribution Limits
For 2024, the HSA contribution will be $4,150 for an individual and $8,300 for a family, up from $3,850 for...