Individuals contributed $754 million nationally to HSAs in 2005 and withdrew $360 million, according to the GAO. Because HSAs have only been available in their current form since 2004, balances are still relatively small.
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Eric Remjeske, President of Devenir, the national leader in providing such investment options sights “we are seeing a tremendous amount of interest implementation of such funded HRA and VEBA structures with self- directed investment options.” Because the structure of these plans is complex, the guidance of an expert in the area of VEBA trusts is […]
HSA deposit totals are estimated to reach $8 billion this year and may go as high as $17 billion in 2009. The growth trajectory is comparable to — if not outpacing — that of the IRA, 401(k) or 529 plans in their early years, says Eric Remjeske, president of Devenir, which manages about $100 million […]
HSA proponents, however, attribute advisers’ lack of the use of HSA to their own limited access to the products. “The challenge is that advisers will talk about HSAs and insurance, but they refer clients out,” said Eric Remjeske, president of Devenir Group LLC of Minneapolis. However, that can change if firms help provide advisers with […]