Many employers are concerned workers won’t see the value in an HSA plan where workers are responsible for most of the upfront expenses. To convince employees that an HSA is a good solution, they need to understand how it is better than other plans. An HSA is more flexible than a flexible spending account and doesn’t have a use-it-or-lose-it rule. As long as funds are spent on qualified medical expenses, account holders never pay taxes on the money. HSAs can have a lower price point than a PPO plan, allowing an employer to put some money into their employees’ HSA accounts. Payments for routine expenses apply toward the plan’s deductible and out-of-pocket maximum. Premiums could be higher in 2014, leaving less disposable income to set aside for medical expenses.
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Use this fact sheet to explain 3 key differences between Life Insurance and Roth IRAs to your clients.
The Perfect First Appointment from a $30 Million Producer
Tools to help you survive in the post-DOL rule world.
Jul 19, 2017
The first compliance deadline for the DOL’s fiduciary rule has kicked in … are you in compliance?
Jun 29, 2017
Join this complimentary webcast to dive into the imperative demand benefits professionals, employers, and HR representatives must meet when it comes to customizing benefits packages,...
Jun 28, 2017
Clients want to discuss health care costs in retirement. We can help break down options and costs so your clients can better prepare.