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Questions Every Broker Should Ask Prospective HSA Administrators
The health savings account (HSA) market is changing. What was once a means for employees to save and invest funds for future healthcare needs is now morphing into a way to pay for medical costs. This new reality means that employers, who want to provide their employees with tools they can use now to achieve…
Read MoreHow Telemedicine May Help Decrease Health Care Costs
As employees continue to explore their health care treatment options, and the expenses that correlate, telemedicine may provide a more convenient, cost-saving option compared to traditional office visits. What’s more, telemedicine removes some of the traditional barriers to health care, such as distance, mobility, and time constraints, which could hinder some employees from seeking information…
Read More11 Surprising Things You Can Buy With Your HSA
When employees have a health savings account (HSA), they generally understand that visits to the doctor or dentist can be paid for through their HSA. But when it comes to other items or services, employees may be missing out on tax savings by not using their pre-tax HSA dollars toward purchasing qualified items. What services,…
Read MoreTips for Navigating Life Changes with HSAs
Big life events such as marriage, the birth of a child, or retirement are often some of the most exciting times in life — but can also create challenges. Details like obtaining a marriage certificate or setting up a nursery are important, but it’s just as crucial to think about changes to health insurance to…
Read MoreThe Value of an HSA
Brokers: Is it safe to say that, given the tremendous growth of high deductible health plans (HDHP) with health savings account (HSAs) over the years, many of your benefits manager clients have adopted these health care vehicles for their organizations? And benefits managers: Was implementing the HDHP with an HSA plan met with angst, resistance…
Read MoreFive Questions to Ask Your Physician Before Any Test, Treatment or Procedure
Hearing that you may be required to undergo a new medical test, treatment or procedure can be overwhelming, especially when you may not know what your options are. Your client’s employees are sure to have the same feelings. Empowering clients with tools and resources that employees can use will not only help consumers learn how…
Read MoreUnderstanding the New June 2019 HRA Regulations
You’ve likely been following the conversation around the proposed regulations to broaden HRA rules that began in October 2018. The proposed regulation broadens health reimbursement account (HRA) rules to allow employers to offer an HRA that reimburses an employee’s individual insurance premiums or a standalone HRA that reimburses medical expenses of up to $1,800 a…
Read MoreWhat Medicare Means for HSAs
Many of us look forward with anticipation to – or backward with fond memories of – life’s rites of passage: getting a driver’s license at 16, voting at 18, full legal benefits at 21. But, Medicare eligibility at 65? Perhaps not. However, as Americans remain in the workforce longer, many of your clients probably have…
Read More2020 HSA Contribution and HDHP Limits Announced
It’s that time of year again! On May 28, 2019, the IRS announced the following 2020 limits for health savings accounts (HSAs) and high deductible health plans (HDHPs). In 2020, individual HSA contribution limits will rise to $3,550; the family HSA contribution limit will rise to $7,100. The HDHP minimum deductible limit for individual coverage…
Read MoreCase Studies: Organizations Benefit from CDHPs with an HSA
Are you considering a consumer driven health plan (CDHP) with a health savings account (HSA) offering in your organization? Or looking for ideas to increase adoption of your current CDHP offering with an HSA? To gain more insight into how to tackle these questions, view one of our case studies below. It may be intriguing…
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