For many US employers, the annual window during which employees may change their choice of employer-sponsored health benefits -- open enrollment -- is quickly approaching.

With this in mind, plan sponsors should take note of 4 key issues:

|

1. The growing popularity of Health Savings Accounts (HSAs) with both employees and employers

Available to participants in conjunction with high-deductible health plans, HSAs are tax-exempt accounts for the specific purpose of funding qualified medical expenses.

Since HSAs were established in 2003, their popularity in connection with employer-sponsored plans has grown rapidly. In large part, this is due to the current trend of escalating medical costs –- current estimates of retiree medical expenses suggest at least $275,000 for a couple retiring at 65 –- a trend that does not show signs of changing course.

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
NOT FOR REPRINT

© 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.