If you have clients who have recently adopted high-deductible health plans with health savings accounts, now is not the time to relax. Educating employees about HSAs should continue after the end of open enrollment and well into the new plan year.

Here's why: Many employees have spent years making copayments at the doctor's office or pharmacy without being aware of their total medical costs. Those who are new to HSAs and HDHPs may be confused about how to manage their health care spending. Often, human resource managers are also learning about HSAs right along with the employees they serve.

Encouraging and supporting your clients in ongoing communications can help employers achieve higher employee satisfaction. And you'll demonstrate your value as a trusted broker and resourceful adviser.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.