When we start to think about retirement savings, most of us think of a 401(k) or an IRA as the primary vehicle that we will use to achieve our retirement goals. But there’s another account that not enough people are taking advantage of that could be more beneficial in the long run and that is a Health Savings Account (HSA).
High deductible health plan. Health savings account. Out-of-pocket expenses.
For many of your employees, the above terms cause immediate confusion, fear, and worry. As a benefits professional, it is your job to alleviate these concerns and help your employees feel more confident when choosing health insurance for the upcoming year.
As a benefits professional, one of the most important parts of your job is to design and offer health insurance options that fit your organization’s needs. But, designing the right set of medical plans is always a challenge. Your organization’s goals will differ from those of your employees and on top of that, each and every employee has different preferences, health risks, and budgets.