We have previously found that emergency savings are a critical component of financial wellness; however despite its importance there is no commonly accepted methodology to determine how much savings Americans should have to prepare for financial shocks. In this paper we propose a new, personalized methodology.
The number of employer’s offering high deductible health plans to their employees is rising every year and with it the number of HSA accounts also rising. HelloWallet’s Jake Spiegel explores how HSA account holders are using their accounts, what their savings patterns are, and what impact employer contributions have.
Most employees are not confident that they can optimize the full value of their employer-sponsored benefits, however very few employers are offering guidance on how employees can maximize their benefits.