Devenir HSA Newsletter: July, 2019

  • July 1, 2019

Subscribe to Devenir’s monthly newsletter and stay up to date with the latest HSA news! 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 July 2019 edition:

  • HealthEquity to Acquire WageWorks Accelerating Market-Wide Transition to HSAs
  • HSA Bank Report Shows that Age Is a Significant Factor in Health and Wealth Engagement
  • Trump Administration Plans to Require Hospitals to List ‘Shoppable’ Prices
  • Survey: HSAs Still Missing from Advisor-Client Conversations
  • New Final Rule Lets Employees Use HRAs to Buy Health Insurance


HealthEquity to Acquire WageWorks Accelerating Market-Wide Transition to HSAs

HealthEquity and WageWorks announced that they have entered into a definitive agreement under which HealthEquity will acquire all of the issued and outstanding shares of common stock of WageWorks for $51.35 per share in cash, representing a total enterprise value of approximately $2 billion.



HSA Bank Report Shows that Age Is a Significant Factor in Health and Wealth Engagement

HSA Bank released a breakout report from the 2019 Health and Wealth Index, addressing the generational differences in health and wealth engagement. According to the report, millennials are the most uncertain about healthcare basics and least likely to know what type of health plan they have when compared to Generation X and baby boomer respondents.



Trump Administration Plans to Require Hospitals to List ‘Shoppable’ Prices

Hospitals could be required to provide prices in an “easy-to-read, patient-friendly format” before they provide services to patients under rules that will be proposed in an executive order signed by President Donald Trump. In an announcement held by White House officials, HHS Secretary Alex Azar said the order would “put American patients in control and address the fundamental drivers of high American healthcare costs.”



Survey: HSAs Still Missing from Advisor-Client Conversations

Registered investment advisors appear to be missing a key business opportunity by not offering health savings accounts to their clients, according to the results of a new survey. Nearly 60% of RIAs polled by HSA provider HealthSavings Administrators are not offering HSAs to their clients, and quarter of them (26%) admit they do not discuss HSAs with their clients at all, despite the triple tax advantage and investment opportunity.



New Final Rule Lets Employees Use HRAs to Buy Health Insurance

A newly issued regulation could transform how employers pay for employee health care coverage, its advocates claim, by letting employers use pretax dollars to subsidize employee premiums in the individual health insurance market.On June 13, the U.S. departments of Health and Human Services, Labor and the Treasury issued a final rule allowing employers of all sizes that do not offer a group coverage plan to fund a new kind of health reimbursement arrangement (HRA), known as an individual coverage HRA (ICHRA).




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