According to a press release, as of April 1, Fidelity will make available to employers a new tool that will enable employees to personalize, estimate and project their retiree health care costs based on such factors as:
- expected retirement date,
- health conditions and
- available insurance coverage.
Using this tool, employees can determine whether they have saved enough to meet their estimated health care costs in retirement and also run savings models to determine their optimal annual HSA contribution amount.
Employees can access this retiree health care cost planning tool via Fidelity’s NetBenefits Web site and it is also available as part of the Fidelity HSA.