We recently released a white paper outlining best-practices related to HSA menu design we have developed over the past 15 years of designing menus for HSAs. An important aspect of the menu design process is sizing the menu to optimize the availability of core asset classes while also limiting excessive overlap or overly risky asset classes that can overwhelm the typical investor. This blog considers four important factors that impact sizing decisions of HSA menus.
Read MoreAs congressional Democrats rally around healthcare reform that creates a larger role for the federal government in the design, delivery, and financing of medical care in the United States, Republicans, including President Trump and a handful of members of Congress, are focused on more market-oriented solutions to managing costs by giving individuals more information and control over their own care.
Read MoreWhile the healthcare industry continues to promote the growth of Health Savings Accounts (or “HSAs”), the versatility of the HSA may still contain a few surprises, even for those who have held their accounts for many years. For instance, how many know they can buy rental property with their Health Savings Account? “Not many” would be a safe bet.
Read MoreAs we begin 2020, the impeachment cloud continues to hang over Washington. The House vote and the president’s defiant response has dominated the headlines, and that won’t change in the new year with the prospect of a likely Senate trial in the next few weeks. The cloud of controversy threatens to keep members of Congress from working on many of the nation’s problems they were hired to solve.
Read MoreA new, bipartisan effort in Congress wisely aims to reduce out-of-pocket medical costs for senior citizens without requiring a complicated, systemic revamping of the whole Medicare system. Here’s hoping the Health Care Savings for Seniors Act, co-authored by Democrat Ami Bera of California and Republican Jason Smith of Missouri, gains momentum and finds its way into law.
Read MoreRepresentatives Ami Bera (D-CA) and Jason Smith (R-MO) have introduced bi-partisan legislation (HR 3796 “The Health Savings for Seniors Act”) to allow retired seniors on Medicare to have a health savings account or HSA. Medicare beneficiaries would be able to fund the account and use it to pay for healthcare expenses in retirement.
Read MoreOne of the most common misconceptions surrounding Medicare is that it is free to beneficiaries. In fact, a recent Nationwide study found that more than half of adults aged 50 and above did not realize they will have to pay for Medicare Part B, even if they’ve worked and paid Social Security taxes for 10 years.
Read MoreWhen it comes to any issue, especially healthcare, there is very little bipartisan commonsense cooperation in Washington these days.
Read MoreMoving to an HSA-qualified health plan enabled employees to take control of their healthcare and the district to take control of exploding healthcare costs. Now, employees are on a path to long-term financial security—and the districts are too.
Read MoreThe new Republican Study Committee health plan is backed by 150 House Republicans and took months of discussions and policy input from their entire membership.
Read MoreSurvey findings released today by HealthSavings Administrators (HealthSavings), a top health savings account (HSA) provider, highlight a deep divide between employers and benefits professionals when it comes to understanding the importance of health savings accounts in retirement planning.
Read MoreIf you asked American seniors to tick off the things most important to them, the preservation of their independence and a secure retirement would be right up there with continued good health and occasional visits from their children and grandchildren. Unfortunately for them, the economics of healthcare make that a challenge too many of them are unprepared to meet.
Read MoreYou’re a month away from your milestone 65th birthday, and life is good. You remain at work and plan to do so for several more years, whether because you love what you do or you fear your retirement savings won’t cover the lifestyle that you want to live.
Read MoreLet’s create a scenario: Your family of four has just won a seven-day vacation to a popular theme park. The prize was advertised as paying for your air transportation, housing, and two meals a day, as well as a $1,500 cash for admission tickets, daily lunch, and souvenirs.
Read MoreHSA investors have long been a key element of the HSA industry. According to Devenir Research, the average HSA investor held roughly $10,948 in investments at the end of 2018. In addition, these investors held $3,580 in cash, more than double the funded deposit balance of non-investors.
Read MoreLately, my inbox has been full of information from various HSA providers about which items are included as qualified medical expenses that can be covered using funds from your HSA.
Read MoreDespite what you might think or read on Twitter, bipartisanship is alive in Washington. Two important things happened this week (and it’s only Wednesday!).
Read MoreThe amount of money individuals may need to cover their health care expenses once they retire may be eye-opening for many of them. EBRI recently found that couples with long life expectancy and high prescription drug expenses could need as much as $363,000 to cover premiums and out-of-pocket expenses.
Read MoreDr. Bill West, SVP of Business Development for HealthEquity and a member of the Board of Directors of the HSA Council, visited with J. Kevin A. McKechnie l to discuss the role of HSAs in health care reform and in retirement in Studio 1120.
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