Investmentnews.com

Fidelity hits HSA record amid assets, adoption boom

WebFirm is now the second-largest provider of health savings accounts, with HAS assets quadrupling to $24B since 2020. April 23, 2024; By Leo Almazora

Actived: 4 days ago

URL: https://www.investmentnews.com/retirement/news/fidelity-hits-hsa-record-amid-assets-adoption-boom-252589

Growth in HSAs robust in 2022, study shows

WebAt the end of last year, approximately $104 billion was saved in 35.5 million health savings accounts, a year-over-year increase of 6% for assets and 9% for …

Category:  Health Go Health

HSA enrollees use health care services differently to those …

WebLooking at the costs of health care for each plan type, HSA plans spent $61.30 per member per year more on inpatient care relative to PPOs, and an additional …

Category:  Health Go Health

Private health insurance premiums to reach new record …

WebWhile the increase in 2022 was 0.67%, last year saw a 4% surge and 2024 is set to repeat this to take the average cost of private health insurance premiums to $584 …

Category:  Health Go Health

Retiree health care costs to rise despite Medicare …

WebAnd the $5.20 decline in monthly Medicare Part B premiums — only the third time in the program’s history that premiums have declined — follows an outsized 14.5% …

Category:  Health Go Health

Giving back to health care providers through financial …

WebSafran serves roughly 14 clients in the health care profession who are in their early to mid-50s or coming out of medical school. Her ultimate goal, she says, is to …

Category:  Medical Go Health

‘Health is the new wealth’

WebEdward Jones recently conducted “Age Wave” research which provided valuable insights that extend beyond simple financial planning, identifying four key life pillars: …

Category:  Health Go Health

Women are struggling with health and wealth woes

WebAnother one-third reported delays in accessing health care or faced food insecurity over the past year, with 20 percent experiencing delays in filling prescriptions. …

Category:  Food Go Health

How advisors are maintaining a healthy heart

WebKraus says it’s important for advisors to share that information with clients who are looking to improve their lifespan, health span and their financial wealth. Kraus …

Category:  Health Go Health

It’s official: Health care costs trump retirees’ other concerns

WebAccording to the joint study, which drew insights from more than 520 individuals, 63 percent ranked health care costs as their top concern in retirement, which …

Category:  Health Go Health

HSAs, an adviser favorite, just don’t get much love

WebThe federal government defines “high deductible” in 2021 as a plan with a minimum deductible of $1,400 for an individual and $2,800 for a family. The maximum …

Category:  Health Go Health

HSA balances continue to grow along with usage

WebIn its report, Health Savings Account Balances, Contributions, Distributions, and Other Vital Statistics, the Employee Benefit Research Institute found that HSA …

Category:  Health Go Health

Why trust is at the core of financial planning

WebWhen asked what has been one of the most gratifying aspects of being a senior private wealth advisor at Summit Financial, he replies it’s the trust that’s earned …

Category:  Health Go Health

Doctors and nurses staggered by impact of student loan payments

WebThe nurses surveyed reported an average pretax income of $80,695, with average student loan debt of $40,611. Doctors reported even higher figures, earning an …

Category:  Health Go Health

What’s the key to achieving retirement happiness

WebThe 2024 MassMutual Retirement Happiness Study, conducted by PSB Insights, surveyed 2,000 individuals aged 40 and over, all with a minimum of $50,000 in …

Category:  Health Go Health

Best Places to Work for Financial Advisors in the USA

WebWorking to expand its own team, Best Places to Work winner JMG Financial Group has increased its employee count by 45 percent since 2020. To better focus on its …

Category:  Health Go Health

Estimated health expenses in retirement increase again: EBRI

WebThe EBRI study found that a 65-year-old man enrolled in a Medigap plan with average premiums will need to have saved $106,000 to have a 50 percent chance of …

Category:  Health Go Health

Why health care is the ultimate retirement wild card

WebNew research from Merrill Lynch, conducted in partnership with Age Wave, found that 81% of retirees cite health as the most important ingredient to a happy …

Category:  Health Go Health

How to properly defer Medicare enrollment

WebIn order to defer Medicare Parts B and D one must: • Have health insurance coverage from their employer or their spouse’s employer, of 20 or more employees. • …

Category:  Health Go Health

Shaking up the 60/40 portfolio

WebThe importance of diversification, like your health, only reveals itself in bad times, advisor says. March 26, 2024; By Emily Douglas

Category:  Health Go Health