Health care can be the most financially draining item during retirement — yet it's a fact of life most employees don't adequately plan for. It is estimated that a couple in retirement will spend approximately $220,000 on health expenses according to Fidelity Investments.
That's a huge burden and one that people should start planning for early. Empowering employees to save money for future health care needs is one way that employers can leverage benefits to help employees plan ahead.
Enter health savings accounts, which have the potential of making a huge difference as a valuable supplement to standard retirement savings. You can help your employees understand the value of an HSA by comparing it to a 401(k), but for health care.
Recommended For You
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
Already have an account? Sign In Now
© 2025 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.
