Health Savings Account

Open Enrollment: Employee Spending Account Education

It's peak open enrollment season at Lumity, and I wanted to share one of my favorite PowerPoint presentations. It's an employee education deck around spending accounts. During open enrollment, employees look to HR for benefits election guidance. It's important that you’re...

Employee Education

Open Enrollment: Employee Spending Account Education

Reach for the HSA Limit

It’s the waning days of 2018, which means it’s an ideal time for HR pros to remind eligible employees about the approaching deadline to contribute to their Health Savings Accounts (HSAs). Plus, there are at least 10 reasons to consider maxing out an HSA. Sending a reminder is especial...

Employee Experience

Consumer Driven Health Plans: Know your Options

Health care costs are at an all time high. As premiums and employee medical claims continue to rise you may be considering an alternative to traditional health insurance plans. Many employers are turning to consumer driven health plans to soften the blow of bloated health care costs. These pla...

Benefits Administration

Consumer Driven Health Plans: Know your Options

Compliance

The Legal Side of Employee Health Savings Accounts

Health Savings Accounts (HSA) can help offset the costs of your employees’ medical care when they are enrolled in a High Deductible Health Plan (HDHP). Many employers find that the premium savings with HDHPs can be used to encourage their...

Jan 18, 2016

Benefits Administration

Health Savings Account Reimbursement Confusion

There are many benefits of Health Savings Accounts (HSA) for people who find that High Deductible Health Plans are a good choice for their coverage needs. One of those benefits is the ability to pay yourself back on medical expenses from the money yo...

Jan 12, 2016

Benefits Administration

Spotlight Series: How to Fix Excess Health Savings Account Contributions

When you have a Health Savings Account (HSA) and you know that for 2016 you can only contribute a maximum of $3,550 and $6,650 for individual and family coverage respectively, somewhere along the way it's possible that you contributed m...

Jan 11, 2016

Employee Experience

Lumity's Take: Why Your People Still Want Health Savings Accounts

Hopefully our Spotlight Series on Health Savings Accounts(HSA) has provided you the information necessary to understand what these accounts are and how they work. But you might be wondering why this information matters in the first place. Short an...

Jan 05, 2016

Employee Education

Spotlight Series: A Health Savings Account Rundown

We at Lumity tend to hail the existence and use of Health Savings Accounts (HSAs) more often than not, partially because our customers tend to have younger, relatively healthy individuals and families in their group that benefit from the selection of...

Dec 08, 2015

It begins with a conversation.

Benchmark Your Benefits Request a Demo