Health Savings Accounts (HSAs) are a savings and investment go-to account for healthcare consumers. But it wasn’t always that way. HSAs have only been around since 2004. Because these accounts are so new, employers and employees are still developing habits on how they engage with them. The trends can shift quickly. We wanted to share with you five key industry statistics from the Devenir Research 2019 Year-End HSA Market Statistics and Trends Report, which was released recently.
At 24HourFlex, we believe that if you're not growing, you're dying and we take that very seriously. This is a theme you'll find throughout our organization and technology is no exception. Our robust mobile application and consumer portal is constantly updating and improving to make our consumers' lives easier and their health spending accounts manageable.
If a lot of Christmas movies seem to be fueled by injuries, property damage and other mishaps and disasters, maybe it’s just art imitating life. Ladders, ice, saws, electric lights and dangling mdecorations lead to a few hundred real-life Clark Griswold–style Christmas injuries every year. So be careful out there, use your common sense, and keep contributing to your health savings account (HSA). It could come in handy in all sorts of unexpected seasonal ways—in fact, we found six instances where having funds socked away in an HSA may have made Christmas a bit merrier for some of our favorite holiday movie characters:
When it comes to paying for healthcare costs—both now and in the future—health savings accounts (HSAs) are among the most powerful tools available to consumers.
On Monday, the IRS released Bulletin 2018-10, which included a revision to the 2018 Family contribution limit for Health Savings Accounts (HSA).
Tax season is here! As we get closer to the deadline for filing (in 2018, it’s April 17 instead of the traditional April 15), we wanted to share three tips about Health Savings Accounts you’ll need to know before you file your return, along with a suggestion for using your refund.
Knowing who you work with -- and providing your clients the resources to choose who they work with -- is important. But in the increasingly complex healthcare industry, it can be a challenge to juggle information from so many partners and vendors.
Tags: Cafeteria Plans, COBRA, COBRA Administration, Compliance, Colorado, FSA, HSA, TPA, Benefit Administration, employees, benefits, employers, third party administrator, brokers, Health Savings Accounts, Infographic
One of the biggest barriers to increasing employee engagement with and enrollment in pre-tax benefits is simply a lack of education. At 24HourFlex, it is one of our priorities to make sure that employers are equipped with the tools they need to inform their employees about their benefits with high-quality, accessible content.