The federal government is giving employee benefit plan sponsors, plan administrators, and participants more time to meet certain benefit plan deadlines.
On April 28, 2020, the Department of Labor (DOL) announced relief related...
Read MoreHow HSAs can help your employees
HSA, Employers, tax savings, retirement, HSA contributions, HSA benefits, employees
An important part of any business is to attract and retain highly-skilled workers. Most employers provide benefits ranging from paid vacation time and tuition reimbursement to bonuses and raises.
And then there are health...
Read More
There is a phenomenon known as "status quo bias." When given the choice to do something and do nothing, it’s what causes people to do nothing. Status quo bias leads to people to not check the box, or not enroll in workplace...
Read MoreQualified medical expenses
HSA, Employers, qualified medical expenses, HSA record keeping, non-qualified medical expense, IRS
A health savings account (HSA) is one of the most advantageous ways to save money for the future, including for retirement. Its primary purpose, however, is to help accountholders save and pay for current or future healthcare...
Read More
Healthcare in America is seeing massive shifts from the traditional employer-sponsored plans to leaner, lower cost models, where employees are taking on more ownership of their healthcare decisions.
AHIP found enrollment in...
Read More
As a business leader you are constantly looking for a competitive advantage wherever you can. Through improved efficiency or cost savings, the opportunities to get an edge over the competition are abundant for those who know...
Read More
A consumer-directed health plan (CDHP) is one of the best ways for your employees, no matter their age, to not only become more aware about healthcare decisions they have to make, but also to save money for those medical...
Read More5 ways to get your employees excited about HSAs
HSA, Employers, HSA investing, HSA contributions, HSA spending
Consumer-directed healthcare plans (CDHP) accompanied with health savings accounts (HSAs) continue to increase in adoption, 20% year over year growth from 2017. Electing the plan is just the beginning. Many employers find it...
Read More
One of the best ways to talk to your employees about how they can save money on healthcare expenses is to pose a hypothetical situation like the following:
Ask them to think about the last time they purchased a car. Did they...
Read More
For employers, there has been a monumental shift in the healthcare marketplace from higher cost, traditional plans to high deductible or consumer directed health plans (CDHP). Between 2007 and 2018, CDHP adoption has increased...
Read More
