Fact Based List:

Dennis Triplett: 6 Best Practices in HSA Plan Administration

Submitted by jryan@mcol.com on Mon, 07/22/2013 - 12:52


  1. Support of employer’s goals: A health savings provider should be fully engaged in helping employees know that their employer cares, providing benefits and promoting the employees’ health and fitness
  2. Hassle-free administration: An HSA administrator should avoid bureaucratic practices that cause problems for employees
  3. Usable information: Because employees’ use of health care benefits generates a wealth of information, a plan administrator should deliver reports to enable the employer to respond to trends
  4. Straightforward pricing: An administrator’s list of fees should be simple and short
  5. Consumer-friendly features: Health savings accounts should provide attractive, modern features that enhance usability
  6. Financial security: Most of us take for granted the safety of a bank that holds health savings funds, but employers should not assume the money is secure


Source: The Kansas City Star
Source URL: http://www.kansascity.com/2013/07/15/4346206/choosing-a-heal...



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