Despite the many benefits they offer, health savings accounts (HSAs) are missing from the retirement planning conversations most advisors have with their clients. The reason for this vary: until recently, there was no way for advisors to be paid for HSA assets they brought to the table. At the same time, many advisors, brokers, HR experts and other health professionals don’t understand how to maximize HSAs for long-term payoff. Moreover, HSAs don’t draw substantial assets from their account owners.
Yet, the robust growth in both the number of HSAs, and the total assets held in HSAs over the past five years, suggest this is an ideal time for retirement planning experts to fully integrate the HSA in to their practices.
Join UMB on Tuesday, October 5, at 12 p.m. Eastern, to learn:
- The advisor’s role in long-term financial planning
- How advisors can work with HSA vendors to offer a benefits lineup that allows employees to save for their current medical expenses as well as those they can expect to have in retirement
- The importance of best practices—including education strategies and continued communication—to HSA adoption success
- Techniques for encouraging HSA accountholders to pivot from spending to saving and investing their account balances
This members-only session is limited to 1,000 participants. If you can't make it or it fills up, the session will be recorded and the slides and webinar recording will be posted online