401(k) Fridays Podcast

HSA Plans: A Retirement Benefit in Disguise?

Informações:

Synopsis

Episode Description Don’t worry, you didn't join the wrong podcast.  Yes, HSA plans are typically associated with the health portion of an employee benefits package.  However, there has been much discussion in the industry about what you will hear my guest Ana Sabatino, Vice President and Consumer Driven Health Plan Specialist at CIGNA, refer to as the cross functional purpose of HSA plans in helping improve both employee decisions and outcomes in health and wealth.  With the growth of HSA plans at over 25% a year for the last four years, more and more employers are utilizing these plans as they introduce consumerism in their healthcare strategy, and the side benefit, that some are realizing, is this means employees are also gaining access to a powerful vehicle with several distinct tax advantages to help pay medical costs in retirement.  In this foundational discussion Ana does a great job of explaining how employees at various stages in life can take advantage of HSAs, how they contribute to the evolving co