Sessions
Concurrent Session
How Can HSAs Boost Retirement Plans
LVCC N107-108
Monday 06/24/2019 10:45 AM - 11:45 AM
1.00 SHRM PDCs
| Competencies: Business Acumen, HR Expertise, Leadership & Navigation
| Intended Audience: Mid-Level
Workplace Application:
Learn many of the unknown benefits of HSAs beyond what they've been told and how they can help employees maximize their effectiveness.
HSAs have become the latest tool to help employers reduce benefit expenses while also empowering employees to make healthcare decisions that are more consumer driven. But many people don't realize how they can also help employees prepare for retirement. In this session, we'll review the concepts of 'High Deductible Health Plans' (HDHP) and some of their advantages as a benefit to employers and employees. We'll also discuss using HSAs as a retirement savings tool and how they can be coupled with a 401(k) plan to increase retirement readiness in an era of increasing healthcare costs.
Learning Objectives:
- Advantages of consumer driven health strategies for employers and employees.
- Market trends for Health Savings Accounts (HSAs).
- Effects of healthcare costs on retirement savings and spending.
- The many advantages and uses of HSAs for employers and employees.
