With its triple-tax benefits, the humble HSA emerges as a retirement savings powerhouse
Increasingly, benefits brokers and personal-finance experts are advising people use cash to pay for health care and investing the HSA funds for decades.
Health Savings Account
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Old National Bank to sell its health savings account business
The deal, expected to close in the fourth quarter, includes about $500 million in client assets held in about 157,000 accounts associated with more than 3,000 employer groups.
Workers feel sting from shift to high-deductible health coverage
Nearly half of Americans with private insurance—47%—are covered by high-deductible plans, up from 25% in 2010. That’s driven up out-of-pocket health spending among people with employer coverage—from $493 in 2007 to $792 in 2017.
Employers, workers brace for another round of health premium increases
The National Business Group on Health is projecting the total cost of providing medical and pharmacy benefits to increase 5 percent for the fifth consecutive year in 2018.
Survey: One-third of Hoosier workers in high-deductible plans
An annual survey by the benefits consulting firm Mercer found that, among 75 Hoosier employers, 34 percent of workers are already enrolled in consumer-directed health plans. And that number is only going to go up due to new Obamacare rules.
Healthx using IT to connect insurers to their customers
Health insurance has long been a business-to-business endeavor between insurers, employers, hospitals and doctors. Patients received benefits, but they weren’t really customers. That’s all about to change.
Forecast: Cash to reign in health care
With premiums for health insurance likely to head north next year as President Obama’s health care reform law fully takes effect, both individuals and employers will pay for more health care out of their own funds and buy less insurance.
More employers put faith in health savings accounts
Sizable Indianapolis companies like the Archdiocese of Indianapolis, consumer-ratings service Angie’s List, Marsh and Wilhelm Construction have switched to consumer-directed health plans. There’s some evidence nationally that the trend is set to accelerate.
Health reform tripping up Indiana wellness incentive
Federal health reform will trump an Indiana law that allows health insurers to offer steep discounts to employers with healthy workers and which institute aggressive wellness programs, but experts say other provisions will motivate small firms.
Health reform network crumbles without Rooney
The state’s Dec. 1 takeover of Medical Savings Insurance Co. marks the formal crumbling of J. Patrick Rooney’s network of
health care reform efforts.
New health plans will cost more later
Consumer-driven health plans will lead to greater medical expenses later because people avoid going to the doctor now.
Rooney: healer or heretic in health insurance industry?
The “father of health savings accounts” isn’t satisfied. At 80, J. Patrick Rooney is gearing up for another health care reform
battle in Washington–five years after winning a colossal victory when Congress awarded health savings accounts tax-free status.
Consumer-driven health plan only option for Marsh employees
Marsh Supermarkets Inc.’s decision to offer its employees a health reimbursement account as their only health insurance option
this year has captured the attention of local employers and benefits consultants.