PLANSPONSOR Weekend Newsdash
Week ending October 11th, 2019
The offering of health savings accounts (HSAs) has grown exponentially since their introduction in 2004. In recent years, they have been presented as a powerful tool for helping employees save for health care expenses in retirement, but they may also help with employees’ current financial wellness. A big problem is that many employees—and even employers—don’t fully understand how HSAs work. More education is needed for employees to get the best use of HSAs for their needs. Enjoy this edition of PLANSPONSOR Weekend! And, please note that on Monday, PLANSPONSOR.com readers will find a new website experience. We hope you will find it even more engaging and intuitive!
Editor's choice
Benefits
Health Care a Top Concern to Address in Financial Wellness Programs
Surya Kolluri, with Bank of America, says financial wellness should be thought of in the broadest way, with an eye toward how employees live their lives; this includes health care and caregiving efforts.Read more >
Benefits
Investing HSA Savings Is Key to Building Accounts
It is also important to fund accounts right away.Read more >
Benefits
Entry-Level Employees to Top Executives Need HSA Education
Employee education about HSAs remains the dominant concern of plan sponsors, and plan sponsors struggle to tell employees how to allocate their savings dollars, according to a survey from PSCA.Read more >
Research
Health Savings Account Buyer’s Guide
Employers have many choices when selecting an HSA partner. Providers compete in a number of different areas, including local/national participant service offerings; interest rates on cash balances; investment option types and availability; and bundling strategies.Read more >
Products
WEX Health to Host HSA Education Event
The live-streamed panel discussion will take an in-depth look at the uses, benefits and tax advantages of health savings accounts (HSAs), as well as their use as a long-term retirement plan and safety net.Read more >
MOST POPULAR STORIES
Furloughs Vs. Layoffs: Which May Trigger a Partial Plan Termination?

‘Companies tend to use the terms interchangeably, which is why it can be confusing,’ says Lorie Maring, a partner at Fisher Phillips.

Coronavirus-Related Distributions From 403(b) and Governmental 457(b) Plans

Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.

Employers Can Offer More Student Loan Repayment Help to Employees

The CARES Act allows employers to contribute toward employees’ student loan debt tax-free to employees, and employees need guidance on what they can and should do about deferring payments.

Administrative Considerations for CARES Act Transactions

Plan sponsors need to understand the details and ask themselves certain questions to make sure they are complying with the new law.

DB Plan Relief Included in the CARES Act

The bill provides a delay for minimum annual required contributions and relief for plans that may have benefit restrictions triggered due to a drop in funding levels.

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

Advertising: advertise@strategic-i.com

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