Employee benefits account for nearly one-third of total employee compensation. That’s a big slice of the pie. So, if you make the decisions for your company’s benefits package, you want to clearly understand your options.
And your health insurance is not your health savings account (HSA).
Over 21 million policyholders and their dependents have a health savings account (HSA). Since 2013, HSA enrollment jumped an astounding 53%. The interest in HSAs continues to grow.
If you ever explored tax-favored health plans, you probably got your fill of acronyms – HRA, HSA, FSA, and the Archer MSA. Isn’t it amazing how a few strategically placed letters make the meaning so different?
High-Deductible Health Plans (HDHP) can be like the monster under the bed. You need one to qualify for a Health Savings Account (HSA), and the much lower premium is great. However, if you don’t know how to manage your HDHP, it could be very scary.
“Yeah I have an HSA, but I have to use that money every year.” “My employer owns the money in my HSA.” These are two common phrases (and misconceptions) we hear a lot.
Are you worried about the future of your healthcare coverage? The talk surrounding the repeal and replacement of the Affordable Care Act (ACA or also referred to as Obamacare) has many people concerned. How does it affect your own coverage?
Remember the days when you only paid $10 or $20 copayments for healthcare? If you don’t, your parents probably do. Employers picked up a big chunk of medical coverage expenses. Then the bottom fell out.
No doubt about it. Health Savings Accounts (HSAs) are a popular strategy for the cost-saving healthcare consumer.
We are excited to announce that Lively’s HSA platform is now live for employers and individuals. Anyone who has a High Deductible Health Plan can now come to livelyme.com and sign-up. Employers can sign-up to easily administer an HSA for their employees and individuals can sign-up for a no cost HSA for themselves and their families.