A shoebox and a health savings account aren’t two things that instantly go together in your mind. However, if you’re ready to start maximizing the potential of your HSA account, the shoeboxing strategy may be perfect for you! Many people treat their HSA accounts like...
Most Americans aren’t adequately prepared for retirement. To make matters worse, the majority aren’t saving enough to catch up. And that is not including medical expenses in retirement. In 2020, a couple could need $325,000 for healthcare-related expenses in...
Once you get your employees enrolled and contributing to their health saving accounts, you’ve only won half the battle. A simple fact remains: the majority of employees don’t know that they can invest their HSA dollars. Your employees get stuck accumulating a cash...
The Great Resignation has been in the headlines a lot recently. And rightly so. In April 2021, the number of job openings reached 9.3 million. By July 2021, there were a staggering 10.9 million jobs open. Numbers, mainly being driven by people between the ages of...
As more employers add Health Savings Accounts to their benefit plans, they typically find that they are running up against three main challenges regarding HSA engagement: enrollment, motivation, and encouragement.
As the Health Savings Accounts market grows, so does the conversation around contributions - from the employers and the employees. An increasing number of employees discover their HSA’s ability to be leveraged as a retirement savings vehicle. To maximize the impact of...
In the past few years, enrollment in High Deductible Health Plans/Health Savings Accounts has gained popularity. However, the intricacies of the plan still create a lot of confusion amongst employees. It can impede them from enrolling, or if they do sign up for the...
Are you getting ready to introduce a High Deductible Health Plan/Health Savings Account to your employees this year and wondering the best way to introduce the plan to your people? Fifty percent of employees don’t understand their benefits. Another challenge...
According to a survey, Human Resources became a place of trust for workers who were lucky enough to keep their jobs during the COVID-19 pandemic. While financial stress went up, the desire for better healthcare options, financial wellness, and financial literacy...