There is no question that Health Saving Accounts (HSAs) are experiencing rapid growth – and show no signs of slowing down. The number of HSAs rose to 13.8 million at the end of 2014 and held over $24 billion in assets, a year-over-year increase of 29 percent for accounts and 25 percent for HSA assets, according to Devenir. Despite this growth - and increasing awareness of HSAs –we still receive a lot of questions from employers about how to know if an HSA benefit offering makes sense for their organizations.
That’s why we leveraged our expertise in HSA administration to compile tips and details about how both employers and employees can save money with HSAs into the be-all and end-all of HSA guides. The WageWorks’ Definitive Employer Guide to HSAs addresses all of your HSA questions, including how HSAs work, when and why to offer them, and how to successfully implement, administer, and drive employee participation.
Throughout the Guide, you will discover:
- The advantages of HSA-qualified health plans
- Employee case studies in action – comparing “spenders” versus “savers” to showcase actual savings potential
- Practical tips for how to introduce an HSA to employees
- Important HSA administration information
- Questions to ask an HSA provider
- HSA basics, including eligibility requirements, contribution limits, enrollment processes, and participant FAQs
As a leading provider of Consumer-Directed Benefits, such as HSAs, we’re here to provide you with the information needed to help your employees live healthier, happier and more productive lives. Download The Definitive Guide to HSAs today to get your go-to source for HSA information. If you have other questions, feel free to contact us here.