Healthy Aging Month
Healthy aging starts now: How employers can set the stage for physical and financial wellness in retirement
September is Healthy Aging Month, a time to focus on long-term wellbeing, including both physical and financial health. For employers, it’s a great opportunity to reflect on how benefits can support employees well beyond their working years.
One of the most effective tools in preparing for retirement healthcare costs is a Health Savings Account (HSA). When paired with a high-deductible health plan, HSAs provide employees with triple tax advantages, meaning contributions are tax-free, funds grow tax-free, and withdrawals for qualified medical expenses are tax-free. Plus, the money rolls over each year and stays with the employee for life
5 Tips to help employees use HSAs for long-term success
Start early: Encourage employees to open and contribute to HSAs as soon as they’re eligible, even small contributions can grow significantly over time.
Educate consistently: Offer regular communications and resources that explain how HSAs work and how they can be used for both near-term and future healthcare expenses.
Highlight retirement potential: Emphasize that HSA funds can be used tax-free in retirement for Medicare premiums, long-term care, and other qualified expenses.
Promote investing options: Help employees understand how to invest HSA funds once they’ve built up a balance, turning their account into a retirement savings tool.
Make it personal: Share examples or calculators to show how much healthcare might cost in retirement and how HSAs can help cover it.
This Healthy Aging Month, consider how your benefits strategy supports lifelong wellness. HSAs are a powerful way to bridge the gap between active employment and a healthy and financially secure retirement. Via Benefits Accounts offers an HSA solution with a streamlined, user-friendly platform that makes it easier for employees to manage contributions, investments, and withdrawals, all in one place. With optimal tools and resources, employers can empower their workforce to take full advantage of HSA triple tax benefits, and plan confidently for future healthcare needs. Support your employees in building a foundation for healthy aging and retirement with solutions designed for every stage of life.
Let’s build a healthier retirement—starting today.
Want to explore how our retiree healthcare and HSA solutions can support your workforce? Contact us to learn more.