2022 Poised to be Another Benchmark Year for HSAs
Jan 27, 2022
With more than 31 million health savings accounts holding nearly $93 billion in assets as of midyear 2021 per Devenir Research, HSAs and their place in the market have continued to evolve at a rapid clip. And while health insurance and HSA confusion still exists for both employees and employers, more and more individuals and businesses are harnessing the win-win benefits HSAs offer.
Gone are the days of HSAs serving primarily as a transactional 12-month spending account. From more employers offering contributions to employee HSAs to more accountholders investing at least a portion of their HSA dollars, the health savings account of 2022 has come a long way in the nearly 20 years HSAs have been in existence.
SOURCE: BenefitsPro
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Our President's Council spent a solid hour this week discussing health, dental, and vision options based on the work you and we have been working on since late last fall. The group found the materials presented to be informative and helpful, so they specifically asked that I share with you their appreciation for all the work that has been put into this issues so far. They were appreciative of both the content, and the timing. In some years it has been early May before we could have that discussion, which is way too late in the cycle and so they wanted me to also express appreciation for having this on a much more helpful timeline to give ample opportunity to consider the options, and to make timely decisions.