The Cadillac tax undermines the future of HSAs and other benefit accounts, and ultimately hurts those Americans who want and need to save for their health care expenses.
HSAs partnered with high-deductible health plans have many well-known financial benefits and tax advantages for both employers and employees, but there are other associated benefits that havent received the same level of attention.
As we move toward a savings mindset, we would like to talk about the investing option that exists with many HSAs. As HSAs mature and moneys accumulate, accountholders need to seriously consider their plans for those funds.
By identifying existing problems, developing an action plan and analyzing the reporting trends over a period of time, employers can review their progress impacting change in their HSA plan and employee behavior.
As we celebrate the 10th anniversary of the enabling legislation for HSAs, the industry, employers and brokers/agents all have the opportunity to move HSAs forward, beyond basic administration, with the use of insightful reporting and analytical tools.
Brokers, agents and employers have the opportunity to move HSAs forward, beyond basic administration, with the use of insightful reporting and analytical tools.