COVID-19’s influence on 2020 HSA spending and healthcare costs was significant. Even with so much uncertainty and change, one element remained steady in 2020—Americans continued to use their HSA how it was intended: for standard, yearly medical expenses. 86% of annual HSA spending is being used for expected costs and routine visits.

The HSA industry constricts the typical HSA account holder into their vision of who and how to market the HSA offering's value to all account holders. The most important finding is that provider expectations of the typical HSA account holder are wrong or at least vastly misinterpreted.

What is a High Deductible Health Plan? It’s a health insurance plan defined by lower premiums and a higher deductible. But don't let "higher deductible" scare you off. An HDHP could make sense for you because they provide an affordable way to get the coverage you need without paying more for extras you may not need. The plans also include preventative care and offer savings opportunities when paired with an HSA.

Want to take advantage of the short-term, long-term, and retirement savings opportunities offered by a Health Savings Account? First, you need to ensure you’re eligible to open an account. Discover the HSA eligibility requirements. Including who can open an account, how much you can contribute, what are HSA-eligible expenses, and more.

Telemedicine demand has been on the rise, but COVID-19 catalyzed the technology. Now, brokers are discovering that the complement to traditional health care delivery is, increasingly, an expected employee benefit. Uncover the top three reasons why every broker should include telemedicine as part of their benefits offerings and how telemedicine services can be paid for with a Consumer-Driven Health Plan.

It goes without saying that you can spend your HSA funds on yourself. You can also use the funds for qualified medical expenses for your spouse - even if you have “self-only” HDHP coverage.