High-deductible health plans are increasingly become commonplace and more and more employees are investing in health savings accounts as a result.
As employees take on greater financial burden for their healthcare expenses, HSAs will become a critical component of an overall healthcare strategy, says John Park, chief strategy officer for Alegeus. “Because consumers do not fully understand the value of an HSA, employers must educate employees on the tax benefits,” Park says. “To entice participation, we see more employers contributing to these accounts, much like they do with a 401(k) match.”
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access