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A summary of the articles included in the September 2019 edition:
- Health Savings Accounts Hold Over $61 Billion For Future Medical Expenses
- Enrollment of Large-Company Workers in High-Deductible Plans Reaches a Historic High
- HSA Bank Releases Investment Portfolio Tool to Simplify Decision-Making
- Can HSAs Flip the Script on Retirement Health Care Expenses?
- The U.S. Can Slash Health-Care Costs 75% With 2 Fundamental Changes – and Without ‘Medicare for All’
Health Savings Accounts Hold Over $61 Billion For Future Medical Expenses
Devenir, a national leader in providing investment solutions for health savings accounts (HSAs), released today the results of its 18th semi-annual health savings account survey and resulting research report. Devenir found that the number of HSAs has grown to now exceed 26 million, holding an estimated $61.7 billion in assets halfway through 2019.
Enrollment of Large-Company Workers in High-Deductible Plans Reaches a Historic High
The share of covered workers enrolled in high-deductible health plans (HDHPs) at large employers reached 47% in 2019. HDHP enrollment increased from 35% of such workers in 2018 and 28% in 2017, according to annual tracking survey data from the National Business Group on Health (NBGH), which queries large employers annually on healthcare trends.
HSA Bank Releases Investment Portfolio Tool to Simplify Decision-Making
HSA Bank announced they have partnered with Devenir to offer Guided Portfolio, an investment portfolio tool, designed to help investors better manage their Health Savings Account (HSA) investments. Guided Portfolio takes into consideration an investor’s anticipated HSA contribution, time horizon, and risk tolerance to generate a set of suggestions for how they might distribute their portfolio assets.
Can HSAs Flip the Script on Retirement Health Care Expenses?
Health care costs present a significant retirement risk for many Americans. According to a Fidelity research report, a 65-year-old couple retiring in 2019 can expect to spend roughly $285,000 in health care and other medical expenses throughout their retirement. When you compare the average medical expenses in retirement to what the average 65-year-old couple has saved for retirement, you realize the issue at hand. One viable solution to the underfunding of retirement health care expenses? Health savings accounts.
The U.S. Can Slash Health-Care Costs 75% With 2 Fundamental Changes – and Without ‘Medicare for All’
Fund the HSA deductible, as Indiana and Whole Foods do, and put real prices on everything. As the Democratic presidential candidates argue about “Medicare for All” versus a “public option,” two simple policy changes could slash U.S. health-care costs by 75% while increasing access and improving the quality of care. These policies have been proven to work by ingenious companies like Whole Foods and innovative governments like the state of Indiana and Singapore. If they were rolled out nationally, the United States would save $2.4 trillion per year across individuals, businesses, and the government.