The 2020 Fi360 Webinar Series continues next week with a trio of webinars including Wednesday’s middle event on the topic of Health Savings Accounts (HSAs) and the duties and obligations for advisors under ERISA.
The April 22 webinar, titled, “Advisor Considerations for HSAs and ERISA,” is sponsored by HSA Bank, a division ofWebster Bank, N.A. It will take place at 2 p.m. ET, and will feature a panel of ERISA attorneys, consisting of Shelby George, Roberta Casper Watson and Michael Wieber. Interested parties can register for the webinar here.
Fi360 is making content originally scheduled for its canceled annual conference available through a series of webinars, running from April-June. This particular webinar is the third in a three-part series jointly presented by HSA Bank and Fi360. The series aspires to help retirement plan advisors better understand how to offer HSAs as part of their practice.
[THE CURRENT Fi360 WEBINAR CALENDAR CAN BE FOUND HERE]
While HSAs and high deductible healthcare plans have become more popular in recent years, many employers and employees may not understand how to use HSAs as a way to prepare for medical expenses in retirement. For example, while 75% of employers view HSAs as part of their retirement benefits, unfortunately, 40% of employees never save for future healthcare expenses—whether that future is next year, or in retirement.*
“Retirement plan advisors are in a unique position to educate employers on how to offer an HSA alongside their retirement benefits, as well as help employees understand the full value and investment opportunities of an HSA,” saidChad Wilkins, President of HSA Bank. “Our hope is that through this series, we can help advisors, so they can help plan sponsors prepare their employees for medical expenses in retirement, as well as today.”
The panel will go into detail on what makes an HSA program exempt from ERISA and consequences if an HSA does become subject to ERISA. Additionally, they will discuss how the advisor can work with employers when selecting investment line-ups and important compliance considerations that advisors should understand.
The first two webinars in the series, “The Advisor Perspective on HSAs” and “HSAs—How Advisors Can Help Connect Health and Wealth,” can be viewed on the Fi360 website at https://www.fi360.com/resources/webinars/.
Next week’s 2020 Fi360 webinar schedule also features a session from Fred Reish titled “RIA Disclosures: Form CRS/ADV Part 3, Share Class Disclosures, and More,” at 2 p.m. on Tuesday, April 21, and “Tax Efficient Withdrawal Strategies in Retirement,” with Michael Kitces at 1:30 ET on Thursday, April 23.
MORE 2020 Fi360 WEBINAR SERIES INFO:
- Kitces, Aikin, Reish Talk 401k Fiduciary, Reg BI
- Fi360 Cancels Annual Conference Due to Coronavirus Concerns
*A survey of 2,000 randomly selected U.S. adults ages 18+ was conducted in order to gauge physical and financial health across the country. It was designed to provide participants with an overall health and wealth consumer index score. The survey was commissioned by HSA Bank and executed by a third-party organization. The report is available online at hsabank.com/index2019.
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
