Lively has put together a wealth of resources to ensure that open enrollment goes smoothly no matter what your role. As open enrollment season gets underway, we wanted to take the time to round them up for you, so you can find the guidance you need during this critical, busy season.
The tax advantages of an HSA, especially in retirement, make it one of the most critical savings and investment accounts a person can maintain. It can also be an account likely to be forgotten if your client changes employers or ceases to be covered by a High Deductible Health Plan (HDHP). We walk you through the key information financial and investment advisors need to know about HSAs.
Whether we’re talking about a lean startup, a mid-sized growing business, or a large, established company, employees need and deserve strong benefits. The truth is that benefits make up a big part of the employee experience.
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Open enrollment doesn’t need to be a time of trepidation. It’s actually a time of opportunity: to get better health coverage, refine your plan for the future, and get a better handle on your budget. We share five tips to help you make a plan and do the research so you can get the most out of open enrollment and make the choices that make the most sense for you and your family.
If workers have access to and are participating in another form of retirement savings account(s), an HSA can help augment those accounts by providing them a tax-free way to pay for medical expenses in retirement, as well as giving them another tax-advantaged savings vehicle if they are bumping up against their annual contribution limit. In addition, HSAs give workers that don’t have access to a 401(k) a way to save for retirement.
You want an HSA provider that has a reliable, easy-to-use product. If not, your internal benefits team will likely be flooded with employee questions and concerns, which can eat into their time and focus. Here's what to look for in an HSA provider to get the most out of your benefits.
Disclaimer: the content presented in this article are for informational purposes only, and is not, and must not be considered tax, investment, legal, accounting or financial planning advice, nor a recommendation as to a specific course of action. Investors should consult all available information, including fund prospectuses, and consult with appropriate tax, investment, accounting, legal, and accounting professionals, as appropriate, before making any investment or utilizing any financial planning strategy.