Each month Devenir highlights a selection of articles to keep you abreast of the latest trends and developments in the HSA marketplace.
A summary of the articles included in the March 2020 edition:
- 4 Factors Impacting HSA Menu Size Decisions
- Health Savings Account Facts: Check Out What’s New And The Best HSA Accounts For 2020
- This Could Be the Most Important Retirement Savings Vehicle for 2020
- Sunwest Bank Adds New Health Savings Account Offering Through the Launch of SelfcareHSA
- HSA Search – Data Request To Be Added to Website
4 Factors Impacting HSA Menu Size Decisions
We recently released a white paper outlining best-practices related to HSA menu design we have developed over the past 15 years of designing menus for HSAs. An important aspect of the menu design process is sizing the menu to optimize the availability of core asset classes while also limiting excessive overlap or overly risky asset classes that can overwhelm the typical investor. This blog considers four important factors that impact sizing decisions of HSA menus.
Health Savings Account Facts: Check Out What’s New And The Best HSA Accounts For 2020
Americans – even wealthy ones – worry about health care costs, according to a Gallup poll. Forty-five percent fear they’d go broke if they got really sick. Even a third of those who earn more than $180,000 a year worry a major medical event could wipe them out. HSA accounts can help with health savings.
This Could Be the Most Important Retirement Savings Vehicle for 2020
Health care continues to get exponentially more expensive as medical therapies advance and people live longer. Naturally, consumers are concerned about how these expenses will impact their retirement goals. Instead of using an IRA to cover health care costs in retirement, advisers and clients alike should be thinking about health savings accounts (HSAs). These accounts can help stretch retirement savings farther and build a more bulletproof financial plan.
Sunwest Bank Adds New Health Savings Account Offering Through the Launch of SelfcareHSA
Sunwest Bank is pleased to announce its newest product, SelfcareHSA. Developed internally, this new platform is targeted for employer-sponsored health savings accounts as part of their health and wellness benefit plan offerings to employees.
HSA Search – Data Request To Be Added to Website
Devenir, a leader in investments related to health savings accounts and also a longtime member of the HSA Council, has announced a partnership with the Centers for Medicare and Medicaid Services to supply info.HSAsearch.com, a powerful HSA provider search tool and comparison resource. The American Bankers Association provides the following data checklist for banks to use.