Each month Devenir highlights a selection of articles to keep you abreast of the latest trends and developments in the HSA marketplace.
A summary of the articles included in the August 2020 edition:
- High Deductible Health Plan Enrollees Need Better HSA Education
- New research and white paper encourage retirement health care savings with HSAs
- 5 Ways to a ‘Better’ HSA
- It’s time to emancipate the HSA
- Picwell Launches Revolutionary Product Aimed at Taking the Guesswork Out of Health Savings Accounts
High Deductible Health Plan Enrollees Need Better HSA Education
Although health savings accounts are an important tool for enrollees in high deductible health plans, a large percentage of enrollees in these plans either do not have health savings accounts or do not use their health savings accounts, a study published on JAMA Open Network found.
New research and white paper encourage retirement health care savings with HSAs
Optum Bank recently published a white paper that details survey findings and provides recommendations to encourage retirement health care savings with a health savings account (HSA). The survey aimed to uncover the best ways to educate consumers on long-term planning, and to understand the attitudes and strategies of employees.
Article is no longer available.
5 Ways to a ‘Better’ HSA
There are lessons in positioning and behavioral finance that we “learned” years ago with 401(k)s that might still be holding back the effective utilization of health savings accounts.
It’s time to emancipate the HSA
While the health insurance landscape has evolved significantly since 2003, HSA eligibility requirements have not adapted alongside it. A recent Kaiser Family Foundation report found that the average health plan deductible now exceeds the minimum deductible needed to qualify for an HSA, yet HSAs are still tied to one particular type of health insurance. The requirement to have a high deductible health plan (HDHP) to enjoy the benefits of an HSA is a requirement that needs to be revised.
Picwell Launches Revolutionary Product Aimed at Taking the Guesswork Out of Health Savings Accounts
Picwell is excited to announce the launch of Interactive HSA, a hands-on planning tool for health savings accounts. Interactive HSA takes the guesswork out of health savings accounts by educating and guiding employees to the appropriate contribution amounts while also helping employers maintain Consumer-Directed health plan (CDHP) strategies.