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A summary of the articles included in the August 2019 edition:
- Alegeus and Picwell Partner to Deliver Smart Decision Support for 2020 Open Enrollment
- Behavioral Roadblocks Facing HSA Investing
- Treasury Expands Health Savings Account Benefits for Individuals Suffering from Chronic Conditions
- Healthcare More Important to Americans Than Salary
- Reps. Bera, Smith Introduce Bill to Expand Health Savings Accounts to Seniors Covered by Medicare
Alegeus and Picwell Partner to Deliver Smart Decision Support for 2020 Open Enrollment
Alegeus announced it has partnered with Picwell to more broadly support the benefits lifecycle. With greater influence across the full spectrum of healthcare benefits, Alegeus clients can empower consumers to make smart benefit choices during open enrollment with next-generation decision support.
Behavioral Roadblocks Facing HSA Investing
While the portion of HSA account holders investing in their HSA is still relatively small, there have been significant efforts across the industry to increase HSA account holder engagement, including efforts to raise awareness about the availability of investment options. This could help drive an increase in the number of HSA investors. With this in mind, now is a great time to look at some behavioral roadblocks facing HSAs and HSA investments.
Treasury Expands Health Savings Account Benefits for Individuals Suffering from Chronic Conditions
The U.S. Department of the Treasury expanded preventive care benefits that may be provided by HDHPs for a range of chronic conditions. This expansion is in response to President Trump’s Executive Order on “Improving Price and Quality Transparency in American Healthcare to Put Patients First.”
Healthcare More Important to Americans Than Salary
Lively unveiled the results of its inaugural Wellness & Wealth survey. The study surveyed Americans on how their finances impact their healthcare decisions. The results provide a greater understanding of how American healthcare and financial health correlate and give powerful insight to employers about employee benefit preferences.
Reps. Bera, Smith Introduce Bill to Expand Health Savings Accounts to Seniors Covered by Medicare
Rep. Ami Bera, M.D. (D-CA) and Rep. Jason Smith (R-MO) announced that they have introduced a bipartisan bill, H.R. 3796 – Health Savings for Seniors Act, that would allow seniors covered under Medicare to continue using or create new Health Savings Accounts (HSA). Seniors covered by Medicare are not eligible for HSAs under current law.