Health Savings Accounts: A New Tool for Retirement Presented by: W. - - PowerPoint PPT Presentation

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Mar 08, 2024 208 likes •335 views

Health Savings Accounts: A New Tool for Retirement Presented by: W. Patrick Jarrett , HealthSavings Administrators Austin Rosenthal , Dimensional Fund Advisors Kevin Murphy , Franklin Templeton Aaron Pottichen , CLS Partners What? Why?

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Health Savings Accounts: A New Tool for Retirement

Presented by:

W. Patrick Jarrett, HealthSavings Administrators

Austin Rosenthal, Dimensional Fund Advisors Kevin Murphy, Franklin Templeton Aaron Pottichen, CLS Partners

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What? Why? How?

Opportunity?

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health sav·ings ac·count (noun) A savings account used in conjunction with a high deductible health plan (HDHP) that allows users to save money tax-free to pay for qualified healthcare expenses

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FSA

SLIDE 6 $1.6 $3.2 $5.3 $6.8 $9.0 $11.1 $13.7 $17.1 $21.0 $26.0 $31.7 $37.9 $45.0 $0.1 $0.2 $0.2 $0.4 $0.9 $1.1 $1.7 $2.3 $3.2 $4.2 $5.7 $7.5 $9.7 $0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

National HSA Assets (in billions)

Deposits Investments Source: Estimates derived from 2015 Year-End Devenir HSA Market Survey, press releases, previous market research and market growth rates.

SLIDE 7 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 With an HSA Without an HSA

Retirement Healthcare Expenses

Medicare Covers 59% How Much for the Remaining 41%? HSA Medicare Medicare 401(k)

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Report Card

Consumers who understand HSAs

30%

Account holders who contribute the annual maximum to their HSAs

15%

Account holders who invest their HSAs

12%

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Healthcare Retirement

HSAs

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How?

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Questions?