Practical HR Tips, News & Advice. Updated Daily.
It’s open enrollment season: time for HR professionals to help employees evaluate and make important decisions about their health and financial benefits. Among those choices are flexible spending accounts (FSAs) and health savings accounts (HSAs), popular options that can play a central role in protecting the health and financial futures of employees. To make it […]
Medical care is very personal, and so are the expenses that go along with it. Many eligible individuals choose to manage their medical care costs with a health savings account (HSA). According to the Consumer Financial Protection Bureau, there were approximately 36 million HSAs active in 2023, and these accounts collectively held more than $116 […]
Alcohol frequently plays a big role in summer festivities, whether its families celebrating the summer holidays, weddings and reunions, or friends gathering for barbecues, outdoor concerts, or long days on the water. Even work-related events can follow the trend, often pairing fun in the sun with coolers of refreshing beverages. Summer’s fine weather, relaxed settings […]
With inflation continuing to drive prices upward on a broad range of products and services, financial wellness is top of mind for nearly everyone. According to a recent Bank of America survey, 62% of employees are stressed about their finances and 71% feel the cost of living is outpacing growth in their income. All told, […]
Higher health savings account (HSA) contribution limits can have a number of positive implications for both employers and employees. Healthcare costs, along with the cost of nearly everything else, have continued to rise, so these new limits should be a welcome relief to individuals and families. For Employees Employees are wise to contribute as much […]
Employees are eager for solutions that will help them save money and manage their healthcare expenses. Simply consider the fact that more than 35.5 million Americans are enrolled in health savings accounts (HSAs) to manage healthcare expenses in 2022—a 9% increase since 2021. Unfortunately, there are even more people who are enrolled in HSA-qualified health […]
A health savings account (HSA) is a flexible financial tool that serves you throughout every stage of your life. This account allows you to take control of your finances in an individually tailored way to your financial situation. The HSA market is rapidly evolving and growing with each passing year. According to the 2022 Midyear […]
Today, more employers than ever offer their employees a consumer-driven health plan with a health savings account (HSA) as part of their benefits package. And to help build employee adoption and engagement, HR managers are constantly challenged to come up with educational tactics.
Let’s face it: We’re all on information overload. The amount of content we are consuming on a minute-by-minute basis in the blurred lines between our personal and professional lives has exploded in this digital economy.
Most of us have heard of the “parking lot” in business—the place where ideas not pertinent to a discussion get moved. With the perceived complexity of the health and wealth landscape, as well as the challenges facing employees for the long haul, it’s no surprise that many consumers are moving their health and wealth to […]