Tag: HSA

Information Overload: Employee Communications in Crisis

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.

Are Employees Putting Their Health and Wealth in the Parking Lot?

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 […]

Two More Reasons HSAs Are Essential for a Healthy Retirement

Health Savings Accounts (HSAs) can be used to save for both current and future health expenses, demonstrating their value as a tool for physical and financial health today and in retirement. In addition to the triple tax advantage and investment capability that was discussed in yesterday’s article, here are reasons three and four to consider […]

Two Reasons HSAs Are Essential for a Healthy Retirement

Despite the recent increase in discussion around the need to save wisely for retirement, many Americans underestimate the healthcare costs they will face when they retire. In a study conducted by HSA Bank, 67% of consumers believe they will need less than $100,000 for healthcare expenses in retirement, and 82% believe they will need less […]

23 Tips to Boost Employee Adoption of Consumer Directed Health Plans and Health Savings Accounts

It’s no surprise that research has found employees tend to delay or disengage from decisions they view as difficult and complex. In the 1980s, the struggle among employees was 401(k) adoption, even though it was the most practical retirement financial tool in the market. These days, the challenge is centered on consumer directed health plans […]

HSA

IRS Clarifies HSA Preventive Care Rule, Provides Transition Relief

Male sterilization and male contraceptives are not considered “preventive care” for health savings account (HSA) purposes, the Internal Revenue Service (IRS) confirmed in Notice 2018-12. However, the March 5 notice also provided transition relief for applicable fully insured plans at least through the end of 2019.