National HSA Awareness Day
Make sure your HSA is in top shape.
October 7, 2024
October 15th is National HSA Awareness Day, and it is a day worth celebrating. For over two decades, the HSA has helped millions of employees successfully save pre-tax or tax-deductible dollars to pay for qualified medical expenses — both now and in the future.
This National HSA Awareness Day is the perfect time for a checkup on your HSA.
HERE ARE SOME IMPORTANT POINTS TO KEEP IN MIND TO ENSURE YOUR BENEFITS ARE ON A HEALTHY TRACK:
90% of employees
enrolled in an HSA are spenders.* Help them use their HSA to save.
Studies show that employees miss out on about
$2,500
in eligible expenses every year.**
Healthcare costs are
increasing more than wages
so it’s vital that employees optimize their HSA.
Employee contributions are
TAX-FREE
PLUS their contributions help reduce payroll tax. Encourage employees to contribute more!
Your employees may not be expressing dissatisfaction, so anticipate their needs and
help them understand the
BENEFITS.
UNLOCK AN HSA’S FULL POTENTIAL
— EMPOWERING THE SPENDER AND THE SAVER!
Debunking HSA Myths & Insights into Employee HSA usage
Explore a New Way to HSA
*Source: Employee Benefit Research Institute.
**Sources: US Census Bureau, MEPS, Nielsen, ADA, KFF, Vision Council, EBRI database of 10M HSA accounts. Lost tax savings computed as 32% marginal Fed + state + FICA + Medicare. As of September 2020.
Banking services are provided by Coastal Community Bank, member FDIC. The InComm HSA benefits card is issued by Coastal Community Bank pursuant to a license from Visa U.S.A. Inc. InComm spending accounts are FDIC insured up to $250,000 per depositor through Coastal Community Bank, Member FDIC.
Investment products are not insured by Coastal Community Bank, the FDIC, or any Federal Government Agency and may lose value.