Health benefit accounts have gained rapid traction in recent years. But what does the future hold for account-based benefit programs? What growth can we expect? And, what market forces are at play? To shed some light on these questions (and more) Mike Trilli, Research Director at Aite Group, joined us for a Q&A.
HSAs and 401(k)s are both great investment vehicles. But, when it comes to healthcare expenses in retirement, there is a clear winner. Read more to see the compelling tale of two investments. Starting with a $100,000 account balance at age 40 and assuming a moderate annual growth rate of 10% with no further contributions, Mindy, the HSA participant, is able to accumulate $300,000 more than Mark, the 401(k) contributor, after he pays his taxes.
Do consumers really have the knowledge and skills they need to manage their healthcare finances? We commissioned an independent survey of 1,400 US healthcare consumers to find out.
On July 19, 2018, the House Rules Committee released two HSA-related bills (Rules Committee Prints 115-82 and 115-83) that re-packaged 10 of the 11 bills approved by the House Ways & Means Committee on July 12 into two separate bills. On July 23, these bills were party-line approved 8-4 by the House Rules Committee, and on July 25, they were adopted by the House of Representatives. Now, the bills will move on to the Senate for consideration later this year.
For years, passwords were the linchpin of security. But in a digital world, they just aren’t enough to hold back the multi-billion dollar tide of payment fraud. Thankfully, the technology needed to power a new wave of frictionless, near-perfect authentication is already widespread.
On July 11, 2018, the House Ways and Means committee will mark up its new bill with two of the four HSA Council-proposed provisions expected to be in play – HSAs for working seniors and increasing contributions to the out-of-pocket maximum.
The vast majority of healthcare data breaches are caused (or exacerbated) by human error. To avoid becoming the next big data breach headline, you’ll need to invest in a combination of strong security policy, preventative technologies, and end user training.
There are plenty of myths surrounding the CDH market. To help dispel some of them, we sat down with WageWorks Chief Compliance Officer, Jody Dietel, who was recently invited to speak in front of the House of Representatives Ways and Means Subcommittee on Health about lowering costs and expanding access to consumer-directed health (CDH) plans.
The consumer-directed healthcare (CDH) industry, represented by the American Bankers Association HSA Council and ECFC, have been busy testifying before House and congressional committees to ignite legislative efforts that make medical coverage more accessible and more affordable to Americans.
By the end of 2019, 72% of large employers will offer a consumer directed health plan (CDHP). But at the same time, only a third of eligible employees are enrolled in CDHPs. So what’s going wrong?