Designed to help individuals plan for their future healthcare expenses as part of a holistic retirement planning experience, Empower HSA provides employees: • Access to market-leading health savings account (HSA) services that include a claims integration and payment platform as well as a receipt vault and debit card issuance • A seamless savings optimization experience incorporating workplace retirement plans and HSAs • Concierge service designed to provide savings rate recommendations to help employees decide when to allocate to an HSA and to retirement plan accounts. 1 Simple to administer Empower HSA is simple to manage and allows employers a way to help their employees plan for their future with: • Streamlined administration through integrated tools and services • A seamless, end-to-end participant experience that incorporates enrollment, retirement plan management, financial wellness programs and HSA management • Single-point-of-administration file submissions • Participant engagement to drive cost-effective decisions and higher HSA and retirement plan balances Empower HSA Making the health and wealth connection — now and in retirement Fast facts Why now is a good time to offer Empower HSA: • A healthy 65-year-old male retiree may require $144,000 to cover healthcare expenses throughout retirement. For a 56-year-old female, the estimated cost is $156,000. 1 • 40% of workers age 50 or older are not currently saving for healthcare costs in retirement. 2 1 Source: An Apple a Day: The Impact of Health Conditions on the Required Saving for Healthcare, February 2016. 2 Source: AARP: Planning for health care costs in retirement: A 2014 survey of 50+ workers, September 2014. Empower Retirement has partnered with health services industry leader Optum ® to deliver an integrated, end-to-end health and wealth solution — Empower HSA. About Optum Optum is a leading provider of health savings account (HSA) services and uses information- and technology-enabled health services to help make the health system work better for everyone.
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ERMKT FLY 3505 HSA - empower-retirement.com · Empower HSA Making the health and wealth connection — now and in retirement Fast facts Why now is a good time to offer Empower HSA:
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Designed to help individuals plan for their future healthcare expenses as part of a holistic retirement planning experience, Empower HSA provides employees:
• Access to market-leading health savings account (HSA) services that include a claims integration and payment platform as well as a receipt vault and debit card issuance
• A seamless savings optimization experience incorporating workplace retirement plans and HSAs
• Concierge service designed to provide savings rate recommendations to help employees decide when to allocate to an HSA and to retirement plan accounts.1
Simple to administer Empower HSA is simple to manage and allows employers a way to help their employees plan for their future with:
• Streamlined administration through integrated tools and services
• A seamless, end-to-end participant experience that incorporates enrollment, retirement plan management, financial wellness programs and HSA management
• Single-point-of-administration file submissions
• Participant engagement to drive cost-effective decisions and higher HSA and retirement plan balances
Empower HSA Making the health and wealth connection — now and in retirement
Fast factsWhy now is a good time to offer Empower HSA:
• A healthy 65-year-old male retiree may require $144,000 to cover healthcare expenses throughout retirement. For a 56-year-old female, the estimated cost is $156,000.1
• 40% of workers age 50 or older are not currently saving for healthcare costs in retirement.2
1 Source: An Apple a Day: The Impact of Health Conditions on the Required Saving for Healthcare, February 2016.
2 Source: AARP: Planning for health care costs in retirement: A 2014 survey of 50+ workers, September 2014.
Empower Retirement has partnered with health services
industry leader Optum® to deliver an integrated, end-to-end
health and wealth solution — Empower HSA.
About OptumOptum is a leading provider of health savings account (HSA) services and uses information- and technology-enabled health services to help make the health system work better for everyone.
empower-retirement.com
An integrated experienceOnce Empower HSA is implemented, it becomes fully integrated into the powerful Empower participant experience. As individuals begin to better understand their potential retirement healthcare expenses, they can make informed savings decisions to help them meet their expected costs.
Additional supportTo further support you and help ensure a successful rollout, we’re expanding and enhancing the information offered through Empower’s Me & My Money financial wellness program. New educational content about HSAs as retirement savings vehicles will be added to the Me & My Money site for easy access to what people need to know to help make HSA-related decisions based on their individual financial situation and objectives.
For more informationTo learn more about this exciting opportunity and how we can grow our partnership to help people achieve the retirement they deserve based on their individual financial situation, goals and objectives, contact your Empower representative today. Ask how Empower HSA can help support positive retirement outcomes for your participants.
Call your Empower representative or call 877-630-4015.
• HSA balance included in account list
• HSA investable balance included in income projection and Lifetime Income ScoreSM
• Clicking on account transitions directly to HSA account
Projected HSA balance is incorporated into income projection and made relevant to healthcare costs in retirement
• HSA integrated into contribution slider, allowing the ability to conveniently change deferrals throughout the year
• Best Next Step presents option to change HSA allocation