SHEBOYGAN, Wis., Feb. 25, 2016 /PRNewswire/ -- HSA Bank, a division of Webster Bank, N.A., released a new white paper that reveals best practices for a successful Health Savings Account (HSA) program. While the number of consumer-directed health plans paired with HSAs offered by employers continues to grow, so does confusion in the marketplace about what makes an effective HSA program. The white paper, "Health Savings Accounts: Achieving Optimal Results for Employer Programs," provides insight into:
- HSA Program Design – Four key findings on designing an effective HSA program that engages employees, increases adoption, and promotes healthy saving and spending behavior.
- Employee Communications and Tools – Necessary ingredients in planning, developing and executing a communication plan that will better inform employees and empower them to make educated decisions.
- Evaluating an HSA Administrator – Discover how to evaluate ways the administrator drives enrollment, the success of its implementation team, and the administrator's overall capabilities.
Also included in the white paper are case histories, a sample communication plan as well as a checklist for selecting an HSA administrator. Since 1997, HSA Bank – one of the largest HSA administrators in the country – has gathered deep knowledge and an appreciation for how employers of all sizes use HSAs to engage employees as healthcare consumers and is offering its best practices that help both employers and employees save money on healthcare expenses.
The white paper was written by Jason Kessler, HSA Bank's senior vice president and director of product management. "There continues to be a lack of knowledge and confusion about how best to design and implement an HSA program that is effective and provides the greatest benefit to both employers and employees. HSA Bank's sharing of what has worked with so many of our clients, is a step toward providing some clarity and best practices toward that goal," Kessler said.
Download a complimentary copy of the white paper today at:
About HSA Bank:
HSA Bank is a trusted leader in consumer-directed healthcare focusing on Health Savings Accounts (HSAs) since the beginning, serving as both the bank and administrator. Discover how we can support your benefits strategy with our comprehensive account-based health benefit solutions such as HSAs, Health Reimbursement Arrangements (HRAs), Flexible Spending Accounts (FSAs), and Commuter Benefits. We offer one platform and one portal for all consumer-directed accounts with a reputation for outstanding service. HSA Bank empowers over 2 million members to own their health. HSA Bank, with nearly $5 billion in assets, is a division of Webster Bank, N.A., Member FDIC.
SOURCE HSA Bank