Opening Remarks and Rules and Regulations: Issues With HSAs

Affected by recent legislation, HSAs likely face more changes ahead. The Coronavirus Aid, Relief and Economic Security—or CARES—Act, which Congress passed in March to cope with COVID-19, revised some rules about what a high-deductible health plan (HDHP) may cover without losing its HSA-eligible status. There’s also discussion in Washington about dropping the requirement that the accounts be connected to an HDHP. And, when enrolling in Medicare Part A and/or B, HSA holders may no longer be able to contribute pre-tax dollars to their account. The panel will cover these and others.

MODERATOR 
Alison Cooke Mintzer, Executive Director, ISS Media

PANELISTS
Katie Bjornstad Amin, Principal, Groom Law Group, Chartered
J. Kevin A. McKechnie, Founder and Executive Director, Health Savings Account (HSA) Council at the American Bankers Association

Refreshment Break

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 crucial. This session covers best practices regarding eligibility, enrollment and activation, contribution and distribution management, and more.

MODERATOR
Alison Cooke Mintzer, Executive Director, ISS Media

PANELISTS
Scott Riordan, VP, Health & Welfare, Sentinel Benefits & Financial Group

Lunch

The Relationship Between Retirement Plans and HSAs

As benefits offerings get more complex, employers face new challenges when adding HSAs to programs already bursting with different packages.  Key among these challenges is how to effectively place and then communicate the role of the HSA as part of the overall benefits program and how to help employees understand the role of the HSA in both their near term medical cost planning and long term retirement planning.  The panel discussion will examine the different roles employers should consider for their HSAs from both the employer and employee perspectives  We will also examine the complex balancing act employees face when allocating limited dollars between competing programs. Considerations for offering investment options within the HSA will also be discussed.

MODERATOR
John Manganaro, Managing Editor, PLANADVISER

PANELISTS
Steve Lindsay, SVP Relationship Management, HealthEquity
Jeffrey Dorfman, Managing Principal, Retirement Practice, Qualified Plan Advisors

Opening Remarks and Plan Design and Engagement Strategies

A wide gap yawns between employer HSA offerings and employee adoption and funding—a gap that needs to be bridged. Many employees don’t understand the full benefits they would gain. They need guidance and support—from a “Welcome” email, to help setting up and using the mobile app. Proven methods to engage and incentivize employees via education, communication and plan design will be discussed.

PRESENTER
Jamie Greenleaf, Lead Advisor and Principal, Carfaro Greenleaf

Refreshment Break

HSAs: A Key Element of the Financial Wellness Equation

Health Savings Accounts are often misunderstood, and as a result, many people don’t take full advantage of their potential.  Join Fidelity as we explore how HSAs can help build confidence in health care decision-making, review common pitfalls to avoid, and equip people with the right support to build greater financial wellness.

PRESENTERS
Nancy Emerson, Vice President, Health Solutions Thought Leadership, Fidelity
William Applegate, Vice President, Industry Relations – Fidelity Health Solutions

sponsored by Fidelity

Lunch

HSAs at Work, for People at All Ages, Stages and Income Levels

Strategies for HSAs can vary by demographics. Research indicates that healthier, higher-income individuals have more to gain from an HSA than disabled or lower-income individuals. This session discusses this phenomenon and possible solutions.

PRESENTER
Liliana Salazar, Esq., Chief Compliance Officer, Pacific Region, Employee Benefits, HUB International