Women face more challenges when it comes to savings and retirement. It is primarily because women encounter a wage gap that follows them into their retirement years. Women only have 70% of the overall income in retirement that men enjoy. Many in that age group have no retirement savings at all. In light of these facts, women need to plan for their retirement and consider health savings accounts (HSA) as a tool to help them achieve their goals and set themselves up to be financially secure.
Taking your employees on a journey from spenders to savers to investors requires thinking about how you structure the plan itself—a quick look at the possibilities. Seed, Match, and Reward.
There are some fundamental differences between FSA and HSA. We share four key things employers must understand about HSAs.
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...