Browsing Tag
Health Savings Accounts (HSA)
203 posts
Millennium Trust Rebranding as Inspira Financial in 2024
New name reflects firm’s move beyond a trust and custody company to a “full-scale solutions provider”
401(k) Balances Up in 2023, But So Are Hardship Withdrawals, Loans
Bank of America's “Participant Pulse” survey reveals average plan balances have increased nearly 10% this year, but hardship distributions and loans are also on the rise
401(k) Gender Savings Gap Still Large, But Smaller for Younger Participants
Bank of America finds that while men’s average account balance exceeds women by 50%, women in younger generations are closing the gap
Rising Healthcare Costs Discourages Consumers from Enrolling
Over half of respondents listed pricey healthcare costs as a barrier to not enrolling in their health plan, finds HSA Bank
HSA Contribution Limits Get Biggest-Ever Boost for 2024
IRS releases new inflation-adjusted amounts for health savings accounts
How Much a 65-Year-Old Retiring in 2023 Needs to Cover Healthcare Costs
Milliman Retiree Health Cost Index finds a healthy 65-year-old retiree needs between $90,000 and $203,000 over remaining lifetime
80% of Older Americans Cannot Afford a Financial Emergency
New findings from the National Council on Aging found Americans aged 60 and up cannot afford to pay for a financial emergency like long-term care
Americans Are Increasingly Worried Over Healthcare Costs
As more U.S. workers list healthcare costs as a top concern, Fidelity finds a higher number of workers with HDHPs are opening HSAs
Retirement Plan Coverage to See Massive Growth by 2026
The increase will especially be prevalent among small businesses, predicts a new report by Transamerica
HSA Bank Grows Employee Wellness Offerings
The HSA administrator is expanding its employee benefits offering to include services outside of financial wellness