UMB Healthcare Services Buys More Than 8,000 HSAs
The financial services company also acquired about $32.5 million in related deposits from Old National Bank.
Tag: health savings accounts (HSAs)
Maximizing HSAs: What the OBBB Act Has Changed
Cat Torres, from Sentinel Group, discusses how recent developments have introduced new opportunities for HSA eligibility.
Turning HSA Owners into Savvier Investors
Health savings account owners were 22% more likely to contribute if they received practical, encouraging messaging from benefits providers, according...
Maximizing HSAs’ Value
Getting the most out of an account seen by some as a spending vehicle and by others an investment vehicle.
HSA Withdrawals Increased by 13% in 2024
Benefits provider Lively found its customers spent an average of 80% of their health care account assets in 2024, reflecting...
HSAs Continue to Gain Steam, Top $146B in Assets
Health savings account adoption spans socioeconomic spectrum, according to a survey from the Devenir Group.
Retirement Health Care Costs Up 4% From Last Year’s Estimate, Fidelity Report Finds
The report found that the increase is consistent with a “general upward trajectory of projected health-related expenses” for retirees.
Senate GOP Releases Tax Plan, With Some Key Changes From House Version
The bill calls for raising the U.S. debt limit by $5 trillion, up from the House version increase of $4...
EBRI Finds Increased Rate of Withdrawals From HSAs in 2023
Despite higher spending on health care, HSA account balances continued to increase over the course of the year.
2026 HSA Limits Released
For 2026, the IRS defines an HDHP as a health plan with an annual deductible that is not less than...
HSA Assets Grow to Nearly $147B in 2024
While balances are up, Devenir reported, continued seasonality was evident in the share of accounts that are not funded at...
HSA Growth Continues, With Plan Sponsors Calling for More Education
The latest PSCA survey revealed rising health savings account usage, with employers advocating for more education to further participant uptake.
Product & Service Launches – 4/18/24
Durham to assist financial advisers with retirement income planning; Summit Financial bolsters private market investment platform amid demand; inVesti launches...
HSAs: Holistic Education and Targeted Outreach
Advisers and plan sponsors should embrace holistic financial wellness and targeted outreach when engaging participants about health savings plans.
Evaluating HSA Providers
HSAs are on the rise, but advisers and plan sponsors must take care when selecting vendors.
High-Deductible Health Plan Opportunities and Challenges
The usefelness of high-deductable health plans depend in part on a plan sponsor's participant pool makeup, according to panelists speaking...
HSA Balances See Upward Trend, Despite Increase Healthcare Spending
Recent EBRI data reveal a rising average in health savings account balances, despite employees frequently using them for short-term spending.
Why Defining Plan Goals is Key to Success
Plan sponsors should articulate organizational objectives to derive optimal benefits from workplace financial wellness initiatives, say experts during a PLANSPONSOR...
Bank of America Reports 15% Increase in 401(k)s in 2023
The increase came partly from increased contributions, partly from market gains, which was also noted in separate 401(k) investing research...