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Worker Enrollment in HDHPs falls

InterWest Insurance Services

In 2022, 9% of employers with 20,000 or more workers offered HDHPs exclusively, a drop from 22% in 2018, according to Mercer’s “National Survey of Employer-Sponsored Health Plans.” ” And 10% of employers with 500 or more workers offered only these plans, compared to 13% in 2018.

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Worker Enrollment in HDHPs Falls

InterWest Insurance Services

In 2022, 9% of employers with 20,000 or more workers offered HDHPs exclusively, a drop from 22% in 2018, according to Mercer’s “National Survey of Employer-Sponsored Health Plans.” ” And 10% of employers with 500 or more workers offered only these plans, compared to 13% in 2018.

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The Actual Cost of a Free HSA

Benefit Resource Inc.

Free Health Savings Account? That covers the administrative costs and still leaves you with $12,000 in savings! The similarities between an HSA and a 401(k) lead many to believe they are both equally hands-off. One study showed only a 12% HSA adoption rate in 2018. But is it really? The Solution.

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How will you cover health care expenses in retirement?

Benefit Resource Inc.

. “[Under] 40 percent of nonretired adults think they are on track in saving for their golden years and 25 percent have no retirement savings or pension at all.” Households released in May 2018. Only you know if your savings match one of those statistics. The tax savings. An HSA is a tax-free benefit.

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5 reasons why an HSA is better than you thought

Benefit Resource Inc.

Health Savings Accounts have many advantages, but there is still an air of misunderstanding around some of the main tenets of the account. In reality, unused funds rollover month to month and year to year, like a 401(k). In reality, unused funds rollover month to month and year to year, like a 401(k).

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Retirement Benefits Education: 3 Ways Employers Can Help Still-working Baby Boomers

Corporate Synergies

Older workers approaching full retirement age (where they can begin receiving 100% of Social Security), face daunting decisions this, Medicare, and retirement plans such as health savings accounts (HSAs) and 401(k)s. 5 AARP , “Can I Have a Health Savings Account as Well as Medicare?”.

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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% Treat the HSA More Like a 401(k) than an FSA.

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