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Clarity Benefit Solutions Shares Four Ways to Increase Enrollment in HSAs

Friday, November 11, 2016 Research News J E 4
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NEW YORK, Nov. 11, 2016 /PRNewswire-iReach/ -- Clarity Benefit Solutions simplifies online employee benefit administration for brokers, employers, and consumers. The company's technology and services are designed to save time and lower the costs of managing benefits while also promoting employee self-service and automated ACA compliance.

Photo - http://photos.prnewswire.com/prnh/20161109/437685LOGO

Health Savings Accounts (HSAs) offer a multitude of benefits to employees, but chances are they are unfamiliar with these advantages. Clarity shares four ways to increase employee enrollment in HSAs.

1. Communicate often. It is essential to share HSA plan options and details in a multitude of formats. Everyone processes information differently. Send emails, hang posters, pass out flyers and tip sheets, text or tweet millennials. Make sure the information is attention grabbing and includes some numbers. Communicate well—and often.

2. Hold meetings. After communicating HSA information to your employees, follow up with open enrollment meetings where the benefit administrator clearly outlines the costs and benefits of each plan the employer offers. Allow time for employees to ask questions after the information is presented. Holding a breakfast or lunch meeting may make the meeting more attractive to your employees.

3. Emphasize the benefits. Emphasizing the benefits of HSAs will empower your employees to make a decision that best suits their needs. Employees can contribute their pre-tax money (through payroll deductions) to pay for health expenses like deductibles, co-pays, prescription drugs, and dental/vision expenses. The employee has access to the money as soon as it is placed in the account, and the employee can change the contribution amount at any time. HSAs also follow the employee from company to company, provided they also have a High Deductible Health Plan (HDHP).

4. Provide ongoing assistance. Don't assume that once an employee is on board with an HSA that your job is done. Make sure that your online resources you have provided are easy to access and comprehend. Create a section for FAQs/answers if there isn't one already. And, provide an HSA calculator if one is not provided.

Clarity Benefit Solutions provides technology that makes the health insurance plan selection process fast, easy, and straightforward. For over two decades, we have provided clients with industry-leading technology, compliance, and exceptional customer service. Our offering is designed to save time and lower the costs of managing benefits while also promoting employee self-service and automated ACA compliance.

Media Contact: Calvin Clark, Clarity Benefit Solutions, 732-428-8272, cclark@claritybenefitsolutions.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Clarity Benefit Solutions

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