Calling all registered investment advisors, brokers, and benefits specialists! We’ve put together an eBook that you can reference to help coach clients and employees on health-to-wealth strategies related to health savings accounts (HSAs) and retirement. Health care has become increasingly expensive in the past decade, and many people underestimate how much they need to set aside for medical expenses in retirement.
As a professional in the field, you know how complex the innerworkings of HSAs and government retirement benefits can be. With that in mind, you can imagine how daunting it is for the average working adult to try to navigate the tricky world of tax-advantaged health care spending plans, retirement savings, and rules surrounding Social Security and Medicare benefits. This complexity and confusion means you have a golden opportunity to offer clients and employees valuable guidance in this crucial area.
If you are advising clients or fielding questions from employees about benefits, savings, and retirement, it is important to know the basics about saving for health care costs during the golden years. By 2030, just 10 years from now, the U.S. Census Bureau predicts that one in five U.S. residents will be retirement age or older.
If one-fifth of the entire U.S. population will be retired, that means you probably have many clients and employees who are thinking more seriously about retirement planning. Do you feel ready to advise them based on what you know now?
For example, how would you fare answering any or all of these questions?
How might someone use an HSA to offset the hefty cost of assisted living during their advanced years?
Can an employee keep an HSA after age 65? What happens to an HSA if the employee enrolls in Social Security/Medicare?
Do you know the ways people can leverage their HSAs to create a nest egg for retirement health spending?
Don’t worry if you are a little rusty on the answers to these. We have you covered in our comprehensive eBook that compiles a set of articles we’ve written about HSAs and retirement to shed light on all these key topics.
In the eBook, we go into detail about how individuals enrolled in a high deductible health plan (HDHP) can utilize their HSAs to start preparing early for health care costs down the road. We discuss the fundamental information employers and advisors should know about HSAs as they relate to Individual Retirement Accounts (IRAs), Social Security, and Medicare, and we cover options people have for using HSA funds to cover part of the cost of long-term care should they need it.
With our eBook, you can head into any discussion about HSAs and retirement with confidence. It’s free to download, and we keep the information short and sweet because we know you have a busy schedule.
You could review it all in the time it takes to wait for your coffee to brew or let your car warm up in the morning! We hope it offers a beneficial review of HSAs and retirement savings, so you can pass on your valuable knowledge to those who need it. Happy reading!
