Employers Often Overlook the Benefits of an HSA

It’s clear that employers need help educating employees on health savings accounts (HSAs). Fifty-six percent of employers don’t know that an employee needs a high deductible health plan (HDHP) to be eligible for an HSA and 50% don’t know that an HSA is portable, according to a survey of 5,000 employers by Bend Financial. 

Bend Financial CEO, Tom Torre says that, when the confusion trickles down to employees, it can lead to missed opportunities to save money and achieve better financial wellness for employees and employers.