Press Room / White Paper Reveals Strategies to Obtain Optimal Results from HSA Programs

Press Release: White Paper Reveals Strategies to Obtain Optimal Results from HSA Programs

 
FOR IMMEDIATE RELEASE
Media Contacts:
Alice Ferreira, Webster Bank
(203) 578-2610 | acferreira@websterbank.com

 

Jennifer Dean, HSA Bank
(920) 453-5286 | jedean@hsabank.com

 

HSA Bank Shares Best Practices from Thousands of Successful Program Implementations

SHEBOYGAN, Wis., February 25, 2016 — HSA Bank, a division of Webster Bank, N.A., released a new white paper that reveals best practices for a successful Health Savings Account (HSA) program. While the number of consumer-directed health plans paired with HSAs offered by employers continues to grow, so does the confusion in the marketplace in understanding what makes an effective HSA program. The white paper, "Health Savings Accounts: Achieving Optimal Results for Employer Programs," provides insight into:

  • HSA Program Design - Four key findings on designing an effective HSA program that engages employees, increases adoption, and promotes healthy saving and spending behavior.

  • Employee Communications and Tools - Necessary ingredients in planning, developing, and executing a communication plan that will better inform employees and empower them to make educated decisions.

  • Evaluating an HSA Administrator - Discover how to evaluate ways the administrator drives enrollment, the success of its implementation team, and the administrator's overall capabilities.

Also included in the white paper are case histories, a sample communication plan, and a checklist for selecting an HSA administrator. Since 1997, HSA Bank — one of the largest HSA administrators in the country — has gathered deep knowledge and an appreciation for how employers of all sizes use HSAs to engage employees as healthcare consumers and is offering its best practices to help both employers and employees save money on healthcare expenses.

The white paper was written by Jason Kessler, HSA Bank's senior vice president and director of product management. "There continues to be a lack of knowledge and confusion on how best to design and implement an HSA program that is effective and provides the greatest benefit to both employers and employees. HSA Bank's sharing of what has worked with so many of our clients is a step toward providing some clarity and best practices toward that goal," Kessler said.

Download a complimentary copy of the white paper today at: http://www.hsabank.com/hsabank/campaign/achieving-effective-hsa-program

About HSA Bank

HSA Bank is a trusted leader in consumer-directed healthcare (CDH), focusing on Health Savings Accounts (HSAs) for over two decades and serving as both the bank and administrator. Discover how we can support your benefits strategy with our comprehensive account-based health benefit solutions that include HSAs, Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Commuter Benefits, COBRA Administration, and HSA investment solutions such as HSAdvisor+. With a reputation for outstanding service and thought leadership in the CDH space, we offer one platform and one portal for all of our members. HSA Bank inspires 3 million members and more than 35,000 employer groups to “own your health” by making it easy to access, understand, and afford healthcare. As of March 31, 2020, HSA Bank has $8.6 billion in total footings (assets) comprising $6.7 billion in deposit balances and $1.9 billion in assets under administration through linked investment accounts, and is a division of Webster Bank, N.A., Member FDIC.