Alegeus Predicts That Consumers and Employers Will Leave Billions in Tax Savings on the Table This Open Enrollment Season Due to Low Consumer Health…
Alegeus Predicts That Consumers and Employers Will Leave Billions in Tax Savings on the Table This Open Enrollment Season Due to Low Consumer Health & Financial Fluency
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Tax-advantaged benefit accounts (including FSAs, HSAs, and HRAs) offer great value to consumers, allowing them to save pre-tax dollars for eligible healthcare expenses. However, despite being widely offered by employers, those accounts are often under-utilized and under-funded. According to
"As employers shift to more consumer-directed benefit designs, consumers will continue to absorb greater financial responsibility for their healthcare. Tax-advantaged benefit accounts are the foundation for how consumers will get better value for those dollars - providing protection from short-term deductibles and longer-term out-of-pocket costs into retirement," said
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