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5 benefits trends to watch in 2020

Benefit Resource Inc.

By addressing employees’ fears, employers are able to increase HSA participation and curb rising premium costs. The net impact becomes a win-win for employees and employers. Legislation in favor of pre-tax accounts. Legislative activity has been stirring for each account and shows no signs of slowing.

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Employers: Help Your Employees Avoid HSA Challenges

Corporate Synergies

Health savings accounts are designed for the long term, but most employees use funds for current healthcare expenses. Health savings accounts (HSAs) continue to increase in popularity, but not without issues for both employees and employers. Problems for Employers. As Seen In. billion to $43.5

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

Health savings accounts can be a good deal for employees. High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% As Seen In. in 2011 to 39.3%

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Enrolling in benefits creates a level of stress that’s scary

Benefit Resource Inc.

According to the 2017 Benefits Communication Survey from Jellyvision, almost half of employees report enrolling in benefits as “always very stressful” That’s scary. in 2017 revealed several key areas within pre-tax benefits where participant understanding needs improvement. What makes enrolling in benefits stressful?

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How to find benefits that are “just right”

Benefit Resource Inc.

In addition to calculators protecting employees from accounts that are “too hot” or “too cold”, employees with an Health Savings Account may have an additional tool at their disposal: the company match. If so, this can be an easy, fast way to grow funds in the account.

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November HR News Worth Review

Higginbotham

The following commonly offered employee benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs); Health flexible spending accounts (FSAs); 401(k) plans; and. Kaiser Family Foundation Releases 2022 Employer Health Benefits Survey.

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Aiding Employees With Retirement Planning Boosts Retention

Hppy

Of those over 65, nearly 19 percent were working as of 2017 , and by 2024, that number increases to 36 percent of those between 65 and 69 needing to work. Employers should call upon HR and benefits departments to discuss opportunities to help employees learn from financial education programs and get acquainted with additional resources.