Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 18th, 2016
Benefits & Administration
Health savings accounts (HSAs) have grown to an estimated $34.7 billion in assets and 18.2 million accounts for the period ending June 30, 2016, according to results of the 12th semi-annual Midyear HSA Survey by Devenir, a provider of investment solutions for HSAs. This represents a year-over-year increase of 22% for HSA assets and 25% for accounts. Recent data reflects a consistent growth trend for spending accounts and a shift toward a savings mindset for health care consumers.Read more >
Most Americans Concerned About Health Care Costs in Retirement
In the midst of rising projections for health care costs, an Edward Jones survey found that 60% of Americans varying in age are concerned about paying for health care in retirement. Baby Boomers, the closest to retirement or already in retirement, are the most worried, with 41% reporting being “very” concerned. Only 19% of Millennials said they are “very” concerned.Read more >