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week ending July 24th, 2020
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The COVID-19 pandemic has led employers to push mental, financial, emotional and even social well-being activities. Even as employers are looking to add or broaden financial wellness programs, Bank of America says awareness and understanding of critical health care savings and caregiving support benefits are lacking from employees. Financial wellness programs should address health care costs. And employees continue to misunderstand how to maximize the benefits of a health savings account (HSA). Aside from physical and financial wellness programs, employers need to rethink their messaging about health care benefits, to reach every generation in the workforce and because experts feel employees will be paying more attention during this year’s open enrollment period. In this edition of PLANSPONSOR Weekend, we offer information to help employers as they address employees’ health care benefit needs. Have a great weekend! |
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Editor's Choice |
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Data and Research
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HSA Misconceptions Remain Stubbornly Common
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Survey results reveal an opportunity for education about how to maximize the benefits of a health savings account (HSA), as most employees are not using one for retirement savings.
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Popular Reads |
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Administration
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The Mechanics of Moving to a PEP
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With a lack of regulatory guidance, plan sponsors can rely on certain existing rules to know the steps to take if they decide to move from a single-employer plan to a pooled employer plan.
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