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Health Savings Accounts are estimated to have grown to more than $14.1 billion in assets through June 30, representing 7.1 million accounts, according to a survey and research report by Devenir, a broker-dealer and registered investment adviser based in Minneapolis.
This was a year over year increase of more than 12% for accounts and nearly a 21% increase in assets for the period from June 30, 2011 to June 30, 2012.
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Multiple experts weigh in on the challenges and considerations benefit leaders need to keep in mind as they make decisions about medication coverage.
Rising use of the weight-loss drug is fueling the fastest health plan cost growth in a decade and a half, forcing employers to rethink coverage strategies and cost management.
Engaging communication strategies will be key to getting employees interested in evaluating benefit options and making more informed decisions.
Cash-balance plans lead the way in groundswell of support for offering a more meaningful approach to generating retirement income for cash-strapped workers.
Even high-income employees are uncertain about where to put their next dollar, highlighting the need for workplace guidance on financial wellness.
