Benefits Blog

HSA vs 401(k)

Posted by Sean Kadel on Thursday, February 14, 2019 @ 03:01 PM

HSA vs 401(k)

If your company has decided to offer a high deductible health plan, don’t worry, you are not alone. Recent studies show that an increasing number of employers have elected to offer high deductible health plans (HDHP) either to completely replace or be offered in conjunction with a more traditional Preferred Provider Organization (PPO) plan or Health Maintenance Organization (HMO) plan. When sponsoring a HDHP, employers typically offer their employees the ability to contribute to a Health Savings Account (HSA) to help offset the increased deductible associated with the HDHP. In 2017, 19 percent of all workers were enrolled in a HDHP with a HSA savings option. This is a dramatic rise since 2007 when just over 4 percent were covered under such plans. 

Read More

Tags: Retirement Planning, IRS, 401(k), Healthcare, HSA, TPA, tax savings, financial planning

3 Ways to Help Employees Manage Their Healthcare Expenses

Posted by Lindsay Barnard on Wednesday, May 30, 2018 @ 12:09 PM

The United States now spends almost twice as much on healthcare as other advanced industrialized countries, even though just a few decades ago our healthcare spend was closely aligned to that of other countries. As a result of the rising cost of healthcare, changes to employment and benefits laws and the availability of new benefits options, the employee benefits landscape in the U.S. has also been dramatically altered. One in four Americans now report that the cost of healthcare is the biggest concern facing their family, according to a Monmouth University poll. This makes it more important than ever for employers to offer their employees the guidance and tools they need to manage their healthcare plans and costs. Here are three approaches to help employees manage their healthcare expenses:

Read More

Tags: FSA, Healthcare, HSA, HDHP, employees, employers, Employee Engagement, cdhp, consumer, hra, tax savings

Filing Your 2017 Tax Return? Here are our HSA tips and tricks.

Posted by Lindsay Barnard on Wednesday, February 28, 2018 @ 05:42 PM

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.

Read More

Tags: Compliance, Benefits Information, Health Care, Healthcare, HSA, HDHP, TPA, Benefit Administration, savings, third party administrator, brokers, Health Savings Accounts, tax return, taxes

An HDHP with an HSA Can Work for You

Posted by Lindsay Barnard on Wednesday, July 12, 2017 @ 02:08 PM

Open enrollment is only a couple months away, and planning may be beginning now for 2018.  As companies look to contain health care costs, more and more are considering a high deductible health plan (HDHP) with a health savings account (HSA) in addition to a traditional health plan or possibly in place of a traditional plan. Either case requires a new level of education and support to get everyone’s understanding of the value of this type of product.

Read More

Tags: Healthcare, HSA, HDHP, TPA, Benefit Administration

Tags: Test, Test, Test, Test, Test, Test,

Subscribe via E-mail

Most Popular Posts