hand inserting HSA puzzle piece on green background HR teams should look to adopt technologiesthat leverage AI, as it can help offload many of the manual andtedious tasks required. (Photo: Shutterstock)

Now that open enrollment time is here, many benefitsprofessionals are recommending health savings accounts (HSAs) totheir employee base. However, some people are reluctant to embraceHSAs because of the time-consuming paperwork required to enroll andmanage them, as well as the complex information they often mustdigest in order to make the best possible HSA decisions.Fortunately, those issues are rapidly disappearing as newtechnologies are making HSAs easier, faster and less complicated toopen and manage than ever.

New administration platforms involving artificial technology(AI) will eliminate the complex enrollment and paperwork processwhile giving employees real-time information and guidance on theappropriate steps to take based upon their health care andfinancial requirements. Along with that, benefits and HRprofessionals are seeking more opportunities to streamlineprocesses and obtain better service with the help of trained HSAadministrators, while quality administrators help employeesnavigate new regulatory and tax changes that can benefit them.

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