New Research Findings Reveal Employers Who Contribute to HSAs See Double-Digit Growth in Employee Participation
HealthEquity (Nasdaq: HQY) has released research findings on how Health Savings Account (HSA) contribution strategies influence employee participation. The study, analyzing nearly 2,000 HealthEquity clients and over 2 million HSA members, reveals that companies who both seed and match HSA contributions see 15% higher participation than those who don't contribute.
Key findings include:
- Any employer contribution increases HSA enrollment
- Matching strategies yield the highest employee contribution rates
- Seed contributions provide the most positive impact on benefits equity
- Employees with HSAs save an average of 16%, while employers save 2% per HSA enrollee
The research frames HSA contribution strategies through six key areas: enrollment, employer cost savings, employee benefit equity, contribution support, employee savings retention, and investing. As of June 2024, nearly $137 billion in assets were housed in over 37 million HSAs in the U.S.
HealthEquity (Nasdaq: HQY) ha pubblicato i risultati di una ricerca su come le strategie di contributo ai Conti di Risparmio Sanitario (HSA) influenzano la partecipazione dei dipendenti. Lo studio, che analizza quasi 2.000 clienti di HealthEquity e oltre 2 milioni di membri HSA, rivela che le aziende che sia forniscono un contributo iniziale che eguagliano i contributi HSA vedono una partecipazione superiore del 15% rispetto a quelle che non contribuiscono.
I principali risultati includono:
- Qualsiasi contributo del datore di lavoro aumenta l'iscrizione agli HSA
- Le strategie di eguagliamento generano i tassi di contributo dei dipendenti più alti
- I contributi iniziali hanno il maggiore impatto positivo sull'equità dei benefici
- I dipendenti con HSA risparmiano in media il 16%, mentre i datori di lavoro risparmiano il 2% per ogni iscritto HSA
La ricerca inquadra le strategie di contributo HSA attraverso sei aree chiave: iscrizione, risparmi sui costi per i datori di lavoro, equità dei benefici per i dipendenti, supporto ai contributi, retention dei risparmi dei dipendenti e investimento. A partire da giugno 2024, quasi $137 miliardi in attivi erano ospitati in oltre 37 milioni di HSA negli Stati Uniti.
HealthEquity (Nasdaq: HQY) ha publicado los resultados de una investigación sobre cómo las estrategias de contribución a las Cuentas de Ahorro de Salud (HSA) influyen en la participación de los empleados. El estudio, que analiza a casi 2,000 clientes de HealthEquity y más de 2 millones de miembros de HSA, revela que las empresas que tanto aportan fondos iniciales como emparejan las contribuciones HSA ven una participación un 15% mayor que aquellas que no contribuyen.
Los hallazgos clave incluyen:
- Cualquier contribución del empleador aumenta la inscripción a las HSA
- Las estrategias de emparejamiento generan las tasas de contribución de empleados más altas
- Las contribuciones iniciales tienen el impacto más positivo en la equidad de los beneficios
- Los empleados con HSA ahorran un promedio del 16%, mientras que los empleadores ahorran el 2% por cada inscrito en HSA
La investigación enmarca las estrategias de contribución a las HSA a través de seis áreas clave: inscripción, ahorros de costos para el empleador, equidad en los beneficios para los empleados, apoyo a las contribuciones, retención de ahorros de los empleados e inversión. A partir de junio de 2024, casi $137 mil millones en activos estaban en más de 37 millones de HSA en los Estados Unidos.
HealthEquity (Nasdaq: HQY)는 건강 저축 계좌(HSA) 기여 전략이 직원 참여에 미치는 영향에 대한 연구 결과를 발표했습니다. 이 연구는 거의 2,000명의 HealthEquity 고객과 200만 명 이상의 HSA 회원을 분석한 것으로, 기여금을 처음 제공하고 매칭하는 회사들이 기여를 하지 않는 회사들에 비해 15% 높은 참여율을 보인다고 밝혔습니다.
주요 발견은 다음과 같습니다:
- 고용주의 기여는 HSA 가입을 증가시킵니다.
- 매칭 전략은 가장 높은 직원 기여율을 발생시킵니다.
- 시드 기여금은 혜택의 공평성에 가장 긍정적인 영향을 미칩니다.
- HSA가 있는 직원은 평균 16%를 절약하며, 고용주는 HSA 가입자당 2%를 절약합니다.
이 연구는 HSA 기여 전략을 등록, 고용주 비용 절감, 직원 혜택 공평성, 기여 지원, 직원 절약 유지, 투자 등 여섯 가지 핵심 영역을 통해 구성합니다. 2024년 6월 기준으로, 미국의 3,700만 개 HSA에 거의 1,370억 달러의 자산이 보관되어 있었습니다.
HealthEquity (Nasdaq: HQY) a publié des résultats de recherche sur l'influence des stratégies de contribution aux Comptes d'Épargne Santé (HSA) sur la participation des employés. L'étude, qui analyse près de 2.000 clients de HealthEquity et plus de 2 millions de membres HSA, révèle que les entreprises qui offrent à la fois des contributions initiales et des contributions de correspondance voient une participation supérieure de 15% par rapport à celles qui ne contribuent pas.
Les conclusions clés incluent :
- Tout apport de l'employeur augmente l'inscription aux HSA
- Les stratégies de correspondance entraînent les taux de contribution les plus élevés des employés
- Les contributions initiales ont l'impact le plus positif sur l'équité des avantages
- Les employés ayant des HSA économisent en moyenne 16%, tandis que les employeurs économisent 2% par inscrit HSA
La recherche cadre les stratégies de contribution HSA à travers six domaines clés : l'inscription, les économies de coûts pour l'employeur, l'équité des avantages pour les employés, le soutien aux contributions, la rétention des économies des employés et l'investissement. En juin 2024, près de 137 milliards de dollars d'actifs étaient logés dans plus de 37 millions de HSA aux États-Unis.
HealthEquity (Nasdaq: HQY) hat Forschungsergebnisse zu den Auswirkungen von Strategien zur Beitragszahlung in Gesundheitsersparnis-Konten (HSA) auf die Teilnahme der Mitarbeiter veröffentlicht. Die Studie, die fast 2.000 Kunden von HealthEquity und über 2 Millionen HSA-Mitglieder analysiert, zeigt, dass Unternehmen, die sowohl eine Anfangszahlung als auch eine Matching-Zahlung für HSA-Beiträge leisten, eine um 15% höhere Teilnahme sehen als solche, die nicht beitragen.
Wichtige Ergebnisse sind:
- Jeder Arbeitgeberbeitrag erhöht die HSA-Anmeldung
- Matching-Strategien führen zu den höchsten Beitragsraten der Mitarbeiter
- Seed-Beiträge haben den größten positiven Einfluss auf die Gleichheit der Vorteile
- Mitarbeiter mit HSAs sparen im Durchschnitt 16%, während Arbeitgeber 2% pro HSA-Teilnehmer sparen
Die Forschung betrachtet HSA-Beitragsstrategien in sechs Schlüsselbereichen: Anmeldung, Kosteneinsparungen für den Arbeitgeber, Gleichheit der Mitarbeiterleistungen, Unterstützungsbeiträge, Beibehaltung der Ersparnisse der Mitarbeiter und Investieren. Bis Juni 2024 waren fast 137 Milliarden Dollar an Vermögenswerten in über 37 Millionen HSAs in den USA untergebracht.
- None.
- None.
New HealthEquity research indicates employers who optimize HSA contribution strategies are more directly supporting their employees’ financial well-being
DRAPER, Utah, Sept. 26, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (Nasdaq: HQY) ("HealthEquity") today released research findings on how Health Savings Account (HSA) contribution strategies influence how employees participate in their HSA benefits. The qualitative and quantitative analysis included a sample of nearly 2,000 HealthEquity clients and more than 2 million HSA members. The analysis provides insight for employers who want to create impactful HSA benefit strategies that support their employees’ financial wellbeing.
“Benefit leaders want employees to get the most out of their benefits — including HSAs — and fostering utilization is a constant challenge,” said Amanda Riley, head of enterprise client relationships at HealthEquity. “What we find is that a deliberate employer HSA contribution strategy increases participation, and by extension, more healthcare savings.”
As of June 2024, nearly
The research frames HSA contribution strategies through six key areas of impact. The areas include enrollment, employer cost savings, employee benefit equity, contribution support, employee savings retention and investing.
Some of the key findings in these areas concluded that:
- Any employer contribution will increase HSA enrollment, and enrollment is positively correlated with the amount of money employers are willing to contribute.
- An HSA matching strategy yields the highest employee contribution rate, but similar to a 401(k)-matching incentive, puts the decision-making and financial burden on employees.
- HSA seed contribution strategies provide the most positive impact to benefits equity — meaning the upside increases evenly across all pay grades. A seed strategy also helps members’ savings retention and investing—while decreasing their financial burden.
There are also cost savings to consider. Employees who participate in HSAs save
The HealthEquity Employer Contribution Study results, detailed insights, and industry-specific recommendations can be found online and will be discussed further on an upcoming webinar “The impact of HSA employer contribution strategy”, scheduled for November 14. The webinar will also provide additional considerations for benefit leaders and an opportunity for discussion with industry leaders.
About HealthEquity
HealthEquity and its subsidiaries administer HSAs and various other consumer-directed benefits for over 16 million accounts, working in close partnership with employers, benefits advisors, and health and retirement plan providers who share our unwavering commitment to our mission of saving and improving lives by empowering healthcare consumers. Through cutting-edge solutions, innovation, and a relentless focus on improving health outcomes, we empower individuals to take control of their healthcare journey while ultimately enhancing their overall well-being. Learn more about our “Purple service” and approach at www.healthequity.com.
Resources:
1 2024 Midyear Devenir HSA Market Statistics & Trends, 2024
2 KFF Employer Health Benefits Survey, 2023
Media Contact:
Amy Cerny
Director of Corporate Communications
acerny@healthequity.com
Check out the HealthEquity newsroom for the latest HealthEquity news, original research, fresh content, and social media highlights.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4fb9e40a-edd8-4f73-bf2f-5bda60abc823
FAQ
What is the impact of employer HSA contributions on employee participation according to HealthEquity's research?
How many HSAs and what total assets were reported in the U.S. as of June 2024?
What are the six key areas of impact for HSA contribution strategies according to HealthEquity's study?
How much do employees and employers save on average with HSA participation?
When is HealthEquity (HQY) hosting a webinar to discuss the Employer Contribution Study results?
