about
A 65-year-old couple retiring in 2019 can expect to spend $285,000 on health-care and medical expenses throughout retirement, according to Fidelity’s annual Retiree Health Care Cost Estimate.
It should be no surprise, therefore, that among all ages of adults, 51% say their top retirement concern is paying for health care, Franklin Templeton research has found. However, that same research notes, those who have a health savings account (HSA) are more certain about how they will cover future health care costs. With their triple-tax-advantaged status and flexibility as both a short-term and long-term savings vehicle, HSAs are becoming part of not only the health benefits conversation, but retirement income.
That’s why PLANSPONSOR last year launched the PLANSPONSOR HSA Conference, which will be held this year in Chicago, October 3. The event is designed to educate plan sponsors that currently offer, or are considering offering, these accounts. It’s also a great opportunity for advisers who want to get up to speed on this fast-growing benefit option.
The conference agenda will cover multiple aspects of the accounts, to help employers and advisers best oversee and support them. Topics to be discussed include: current and proposed laws and regulations for HSAs; how HSAs operate; best practices in HSA provider selection and ongoing administration; and how investing HSA assets can increase the potential for long-term savings.
Plan sponsors and advisers, register now to attend the second annual PLANSPONSOR HSA Conference!
agenda
HSA Conference
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8:30 am–9:15 am
Registration and Breakfast
Monroe Room – located on the 2nd floor -
9:15 am–9:30 am
Opening Remarks
Michigan Room – located on the 2nd floor -
9:30 am–10:15 am
Landscape and Outlook for HSAs
An overview of the industry and market; current affairs and future predictions, as well as what’s in store for these vehicles in Washington, D.C., with updates on California’s and New Jersey’s non-compliance with federal HSA rules.
Presenter:
J. Kevin A. McKechnie, Executive Director ABA HSA Council, ABA Office of Insurance Advocacy -
10:15 am–11:15 am
Plan Design and Engagement Strategies
There is a wide gap between employer HSA offerings and employee adoption and funding—a gap that needs to be bridged. Employees currently misunderstand the full value proposition that the accounts provide. Guidance and support are needed, from a “Welcome” email to setup and usage of its mobile app. Several proven methods by which to engage and incentivize employees—via education, communication and plan design—will be discussed.
Moderator:
Daniel Bryant, President, National Sales, Retirement and Private Wealth, Sheridan Road Financial, a division of HUB International
Panelists:
Glen Kvadus, Vice President, Optum Financial Services
Jamie D. Greenleaf, Lead Advisor / Principal, Cafaro Greenleaf -
11:15 am–11:45 am
Refreshment Break
Monroe Room -
11:45 am–12:15 pm
HSA Administration Best Practices
What common challenges will plan sponsors face in administering HSAs, and how can those be avoided? A solid foundation for HSA administration, with a strategic vision for plan outcomes, is key. This session covers best practices for eligibility, enrollment and activation, managing contributions, distributions and more.
Moderator:
Judy Faust Hartnett, Managing Editor, PLANSPONSOR magazine
Panelists:
Matt Richardson, Senior Vice President/Sales Manager, UMB Healthcare Services -
12:15 pm–1:00 pm
Keynote Address: How HSAs can Play a Role in Healthcare, Long-term Care, and Retirement
This presentation will briefly touch on Nationwide’s Annual Healthcare and Retirement Survey, while educating on common retirement expenses such as Medicare and Long-Term Care. A strong plan using HSAs can help employees prepare for retirement more effectively.
Moderator:
Carlo Cordasco, Vice President, Nationwide Retirement Institute®
Sponsored by Nationwide Mutual Insurance Company -
1:00 pm–2:00 pm
Lunch
Cathedral Hall – located on the 9th floor -
2:00 pm–2:30 pm
Evaluation and Selection of an Optimal Investment Lineup
The HSA market has grown rapidly and is often compared to the advent of 401(k) plans. This session will take an in-depth look at the benefits and limitations of each account highlighting why an HSA investment menu is more nuanced than a typical 401(k) plan, plus what to consider when selecting an HSA lineup.
Moderator:
Alison Cooke Mintzer, Publisher, ISS Media
Panelists:
Gregory F. Adams, Consultant, Fiduciary Investment Advisors, LLC -
2:30 pm–3:15 pm
The Relationship Between Retirement Plans and HSAs
For employers, there are many considerations as to how HSAs can integrate with or mirror the retirement plan. The panel will discuss how employers can most effectively allocate dollars between health and retirement savings vehicles.
Moderator:
Alison Cooke Mintzer, Publisher, ISS Media
Panelists:
William Applegate, Vice President, HSA products, Fidelity Investments
Brian Lynch, Strategic Account Manager, Defined Contribution Division, US, Franklin Templeton -
3:15 pm–3:30 pm
Refreshment Break
Monroe Room -
3:30 pm–4:30 pm
Financial Wellness and HSAs
For participants, one of the biggest challenges an HSA presents is how to fit it into their broader financial picture. Employees have several workplace options for saving—traditional 401(k)s, Roth 401(k)s, HSAs, etc.—and various debt obligations such as student loans and mortgages. This discussion will be explore how employees can best allocate their money according to their individual situation.
Moderator:
Alison Cooke Mintzer, Publisher, ISS Media
Panelists:
Kenneth Verzella, Head of Financial Wellness Strategist Group, Investment Innovation Solutions Workplace Product, MassMutual
Nate Black, AVP – Health Savings and Spending Accounts, Voya Financial®
Paul Galliano, Institutional Sales Manager, Bank of America -
4:30 pm
Closing Remarks
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4:30 pm–5:30 pm
Networking Reception
Monroe Room
registration
Pricing
This event has been exclusively designed for plan sponsors and advisers/consultants. Please see the registration rates below:
Plan Sponsors: Complimentary
Advisers/Consultants: Complimentary
Providers (i.e. record keepers, asset managers, insurance companies) that are not sponsoring the conference will not be allowed to attend the conference.
sponsors
Become a sponsor. Join a select group of industry product and service providers who are maximizing their firm’s exposure in front of this highly influential group of plan sponsors and retirement plan advisers.
For more information on sponsoring or exhibiting at the event, please contact Katie Bacon at katie.bacon@strategic-i.com / 203-595-3184.
speakers
venue
University Club of Chicago
The 2019 PLANSPONSOR HSA Conference will be held at the University Club of Chicago, 76 E. Monroe Street, Chicago, Illinois.