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.
It comes as no surprise that many Americans are concerned about retirement. Diligently putting money into 401(k) or any other form of retirement savings account, many still miss one key ingredient that could offer not only tax benefits, but sustainable growth well into retirement.
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.