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Is an HSA the New 401(k) When It Comes to Retirement ROI?

Extensis

Costly medical expenses and confusion about benefits language are leaving employees feeling discouraged about their healthcare and retirement options. Concurrently, employees can use the money saved in their HSA for qualified healthcare expenses when in retirement. So, does this really make an HSA the new 401(k) ? Yes and no.

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Health savings accounts: Not your parents’ retirement plan

HR Morning

With the rise in health savings account (HSA) enrollment among younger employees and the decline in company matching rates of 401(k)s, HSAs have emerged as a retirement account option for new employees. Retirement is the farthest thing from your mind because, let’s face it, that’s a lifetime away. You’re young.

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Celebrating 20 Years of Health Savings Accounts

Benefit Resource Inc.

Introduced in 2003 as part of the Medicare Prescription Drug, Improvement, and Modernization Act , HSAs have evolved to become a crucial component of healthcare and financial planning strategies. This feature makes HSAs a unique and versatile financial tool for retirement planning.

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What rights do former employees have under the ADA? Well, it depends.

The Employer Handbook

Eventually, her disease leaves her incapable of performing the essential functions of her job, and she takes disability retirement at age 48. However, after the employee retires, the employer changes its benefits plan in 2003, and, you guessed it, the change impacts the post-employment health benefits.

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Top Outplacement Firms: A List for Buyers of Outplacement

Careerminds

Our programs can be personalized to support a variety of career paths; entrepreneurship, consulting, freelance and contract roles, portfolio careers, and active retirement.” “We have the career coaches, programs, and technology to support one employee or thousands around the world.

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PepsiCo selects Cognizant CPO to head up its HR efforts

HRExecutive

PepsiCo has named Becky Schmitt as its new incoming CHRO, replacing Ronald Schellekens who will be retiring this fall, the company recently announced. Prior to rejoining PepsiCo in 2018, Schellekens had worked for the beverage company from 1994-2003 as an SVP of human resources. 1 and report to chairman and CEO Ramon Laguarta.

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What happens to HSA funds at the end of the year?

Benefit Resource Inc.

In 2003, Health Savings Accounts (HSA) were established, bringing forth a new pre-tax plan option that effectively eliminated the concerns over lost funds. This is especially great news for individuals looking to prepare for future healthcare expenses or those concerned with their coverage in retirement. Sky’s the limit!

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