Editor's note: The Center for Due Diligence 2014 pre-conference program on Tuesday will include three back-to-back sessions on the role of HSAs in retirement planning. Click here for the full pre-conference schedule.
Plan sponsors are increasingly showing a willingness to incorporate new, more complex approaches to help their employees better prepare for retirement. But there's at least one new plan design idea that remains largely unfamiliar to many of their advisors:
The addition of health saving accounts, which are used to set aside dollars for medical expenses and which, according to a growing chorus of advocates, can help generate the money retirees will need to cover ever-rising health care costs after they leave the work force.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
