The HSA and F.I.R.E. aim to help one retire decades before the customary retirement age. Learn how HSAs can help you reach your goals faster.
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Prior Year HSA Contributions Reminder
January marks the start of a new year and is a great time to remind your employees that they have until April 15th, 2022 to make contributions and max out their health savings accounts (HSAs) for 2021. Encouraging your employees to contribute to their HSAs will...
Have Your Payroll and HSA Systems Met?
Is your HR team understaffed and overwhelmed? If you answered yes to this question, it wouldn’t come as a big surprise since many small and midsized businesses feel this pain. According to a recent study, tedious administration tasks take up over 73% of a human...
Happy Birthday HSA! 5 HSA Myths Debunked
The health savings account (HSA) turns 18 years old this December! HSAs were established into federal law by the Medicare Prescription Drug Improvement and Modernization Act of 2003 and were designed to help people save for future health care expenses. While the HSA...
Shoebox It! Boost Your HSA Investment Strategy
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...
HSAs and the Rising Cost of Healthcare
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...
HSA Investing is Simple!
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...
HSAs and the Great Resignation
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...
HSA Engagement is as Easy as 1-2-3
As more employers add Health Savings Accounts to their benefit plans, they typically find that they are running up against three main challenges when it comes to HSA engagement: 1). enrolling their employees in the HSA accounts motivating, 2). employees to make...