PLANSPONSOR Weekend Newsdash
Week ending May 18th, 2018
Health care expenses in retirement are a major concern for Americans, and lately the retirement plan industry is suggesting health savings accounts (HSAs) as a potential solution, but not every employer offers a high-deductible health plan (HDHP) and when they do, not all participants choose it or use an HSA for future health care savings. The Internal Revenue Service (IRS) has recently announced increased amounts participants can contribute to HSAs in 2019. A report contends that education is key to participant engagement in HDHPs and HSAs, and an HSA plan sponsor shares her recipe for success. However, a CommonBond panel discussion reveals that a bigger worry for younger employees is student loan debt, and panelists suggest employers offer student loan repayment benefits and offer steps to do so. All this and more in this edition of PLANSPONSOR Weekend!
Editor's choice
Benefits
Education Key to HDHP and HSA Engagement
The most challenging part respondents to a WEX Health survey cited in using their HSA was making sure to have enough funds set aside to cover deductibles (29%) and figuring out how much money to put in the account overall (21%).Read more >
Benefits
HSA Plan Sponsor Recipe for Success
Sara Caddy, benefits manager at Dimensional Fund Advisors, which won an Eddy Award for HSA usage, overall participation and communication strategy, shared its recipe for success.Read more >
Data and Research
Individuals Expect More From Social Security Than What Reality Shows
Future retirees expect a greater monthly payment from Social Security than what current retirees say they collect, according to a survey from Nationwide.Read more >
Benefits
Will Student Debt Repayment Support Become Table Stakes?
Student debt hurts the financial well-being of an overwhelming portion of respondents to a new survey—with the scourge of student debt cutting across generations and economic status.Read more >
Benefits
Simple Steps to Provide Successful Student Loan Repayment Benefits
Student debt management is a complex and delicate issue that has a significant impact on employees’ broad financial wellness—but providing support can be straightforward from the plan sponsor perspective.Read more >
MOST POPULAR STORIES
2021 Health Savings Account Survey
Health Care Costs in Retirement Remain a Top Stressor

Fidelity’s latest analysis shows people often underestimate the potential cost of health care in retirement, even after two decades of watching health care costs increase year-over-year.

2020 Recordkeeping Survey
SECURE Act 2.0 Passed Unanimously by Ways and Means Committee

A rare unanimous affirmative voice vote by the Ways and Means Committee allows the SECURE Act 2.0 to be considered by the full House of Representatives.

TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”

Some may describe the arrival of the coronavirus as a “watershed moment.”

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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