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A summary of the articles included in the February 2019 edition:
- WEX Signs Agreement to Acquire Discovery Benefits
- How Well Do Employees Understand and Engage With Their Health Accounts?
- Voya Financial Launches Suite of Voya Health Savings and Spending Accounts
- 7 Reasons An HSA Should Be Your Favorite Investing Account
- Medica Taps MEDSURETY to Power HSA Solutions for Its Individual and Family Members
- With HSA Changes, Here’s How to Find the Best Option for Clients
WEX Signs Agreement to Acquire Discovery Benefits
WEX announced the signing of an agreement to acquire Discovery Benefits, Inc. (DBI), a high-growth employee benefits administrator to more than one million consumers across all 50 states. DBI plays a key role in the consumer-directed healthcare ecosystem by offering account administration technology and services.
How Well Do Employees Understand and Engage With Their Health Accounts?
Willis Towers Watson’s 2018 Health Accounts Survey set out to assess how employees are using their health accounts (HSAs and FSAs) in order to gauge their understanding of how these accounts work and the degree to which they are maximizing their advantages.
Voya Financial Launches Suite of Voya Health Savings and Spending Accounts
Voya Financial, announced the launch of its new suite of Voya Health Savings and Spending Account solutions as optional benefits for employers to offer their employees at the workplace. The suite of solutions will initially include the following tax-advantaged accounts: a HSA to be used in combination with HDHPs; a Health Flexible Spending Account (Health FSA); a Limited Purpose FSA; a Dependent Care FSA; and a Commuter Benefit Account.
7 Reasons An HSA Should Be Your Favorite Investing Account
HSAs were established with the Medicare Prescription Drug, Improvement, and Modernization Act signed into law at the end of 2003. These accounts are a dramatic improvement over the older MSAs (which were limited to the self-employed and small businesses), HRAs (where the employer owns the account), and FSAs (which are “use-lose” accounts that do not roll over year to year.) Many investors do not realize that an HSA is, in many ways, their best investing account.
Medica Taps MEDSURETY to Power HSA Solutions for Its Individual and Family Members
MEDSURETY and Medica, one of the largest health plan providers in the Midwest, today announced a new partnership to further enhance Medica’s health savings account (HSA) offerings. As a result of the partnership, MEDSURETY will be handling Medica’s Individual and Family HSA administration.
With HSA Changes, Here’s How to Find the Best Option for Clients
With the new tax law, 2019 contribution limits for HSAs have risen, and clients can now invest more in accounts that provide triple tax advantages. But are your clients in the plan that will maximize returns on their investment? It may be difficult to tell.