purple health savings card mockupAlthough they are among the youngest generations, Millennials and Gen Zs make up 30% of today's workforce—and are now faced with the very real problem of budgeting and saving.

When it comes to jobs, not only are these generations concerned about the dollar amount on the paycheck, they find it equally important that an employer offers a compensation package that works for them. They will look for positions with perks such as time off, charity/community service, ridesharing and most importantly, health benefits.

With the rise in high deductible health plans (HDHPs grew from 4.2% of all plans in 2007 to 18.9% in 2017), an important health benefit for these new workers are Health Savings Accounts (HSAs).

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.