HSA Day | October 15, 2021

National HSA Awareness Day is October 15. It’s a day to learn about the value HSAs can bring your employees. Make HSAs simple and no-nonsense. Skip the jargon. Skip the confusion.

HSA Day

Knowledge is your ticket. Change the story.

There’s a common story in HR. You wear a lot of hats: recruiter, therapist, party planner, and benefits guru, to name a few. As a result, you answer a lot of questions.

Education is your ticket to fewer emails, IMs, and knocks at your door. The more employees understand their benefits, the more quiet time for you. HSA Day is a day to learn. Let’s change the HR story.

Countdown to HSA Day

  • Days
  • Hours
  • Minutes
  • Seconds

Schedule

Schedule

LIVE on HSA Day with the Benefits Buzz podcast

Join us for a live podcast on the morning of October 15 as we talk to HR experts Johnny Taylor, Jennifer McClure and Stefanie O’Connell Rodriguez.

Download our calendar reminder to be alerted when we go live!

Johnny Taylor

President & CEO, SHRM

Jennifer McClure

CEO, DisruptHR &
Unbridled Talent

Stefanie O’Connell Rodriguez

Millennial Money Expert

Introduction to Health Savings Accounts

Learn how you and your employees save when they participate in an HSA, how it enhances your benefits package, and more.

This webinar qualifies for one SHRM continued education credit. Limited seats available.

Friday, October 15 at 11 a.m. CST

Helping Employees Get the Most From Their HSA

Learn three ways to support employees in better understanding all the ways they benefit from an HSA.

This webinar qualifies for one SHRM continued education credit. Limited seats available.

Friday, October 15 at 1 p.m. CST

Education

Education

They’re sure to use it. They’re bound to love it.

Spend

Employees can save on hundreds of eligible healthcare expenses, like over-the-counter medications, routine healthcare visits, eyeglasses, contact lenses, sunscreen, and more.

Save

HSAs are employee-owned and all funds carry over, so employees can build their balances to prepare for big expenses.

Invest

Like with a 401(k), employees can invest their HSA funds for faster growth. That’s one reason an HSA rivals a 401(k) and IRA for retirement planning.

How an HSA compares with a 401(k) and IRA


To learn more about the savings scenario in this graph, click here
Why employees love HSAs
  • Their funds are contributed tax-free.
  • Their funds grow (with interest or through investment) tax-free.
  • Their funds can be withdrawn tax-free when used on eligible expenses.
  • Their funds carry over from year to year.
Why employers love HSAs
  • Your contributions to your employees’ HSA are tax deductible.
  • Your employees’ contributions reduce your payroll taxes.
  • You save on healthcare costs, since HDHP coverage is more affordable for you.

Change the story during open enrollment.

On average, employees spend 18 minutes enrolling in their benefits. That’s the same amount of time they spend baking frozen pizza. Yet finances are a main stresser for employees. HSAs are a financial decision, not just a benefits decision.

36%

of employees who say “better compensation and corporate benefits” are the primary reason they’re considering changing jobs (SHRM)

54%

of employees say financial stress has caused them to either miss work or has negatively affected their productivity (PWC)

80%

of employers say that employee financial stress is reducing workplace performance (SHRM)

 

How to change the story

  • Present the value of your HSA alongside your HSA-eligible health plans.
  • 59% of dollars in HSAs are contributed by the employer. Are you contributing to yours?
  • Show how lower premiums from HSA-eligible health plans plus HSA contributions offset the high deductible.

 

DOWNLOAD OUR HSA white paper

My HSA Planner

Help your employees get the most from their HSA with My HSA Planner.

HSA Stories

HSA Stories

Learn from the experts … the people who use an HSA every day.

Titi

Eddie

Scot

@2021 WEX Health, Inc.

WEX simplifies benefits by delivering the broadest range of consumer and healthcare solutions and the services to make them successful, all built on the industry’s most modern, reliable platform.