How Can HSAs Boost Retirement Plans
HSAs have become the latest tool to help employers reduce benefit expenses while also empowering employees to make healthcare decisions that are more consumer driven. But many people don't realize how they can also help employees prepare for retirement. In this session, we'll review the concepts of 'High Deductible Health Plans' (HDHP) and some of their advantages as a benefit to employers and employees. We'll also discuss using HSAs as a retirement savings tool and how they can be coupled with a 401(k) plan to increase retirement readiness in an era of increasing healthcare costs.
Learning Objectives:
- Advantages of consumer driven health strategies for employers and employees.
- Market trends for Health Savings Accounts (HSAs).
- Effects of healthcare costs on retirement savings and spending.
- The many advantages and uses of HSAs for employers and employees.
Robert Massa
Robert Massa is the Managing Director of Retirement in Houston, TX for Qualified Plan Advisors (QPA). Rob is a retirement professional with more than 25 years of retirement industry experience. His primary responsibilities include practice management, strategic investment direction and advice, retirement plan design consulting and compliance, employee education and development, financial wellness strategies, client relationship management and SEC compliance. His career has been focused in the investment management and administration of qualified retirement plans in a diverse series of roles including investment advice, trust administration, recordkeeping, plan document drafting, compliance testing, product management, legal and client consultation.