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View More Press Releases by PSCA [Plan Sponsor Council of America]

Press release:

PSCA Launches First Annual HSA Benchmarking Survey

Issued by: PSCA [Plan Sponsor Council of America]

Date: Feb. 6, 2019

Deadline for submissions is March 8

Chicago (Feb. 6, 2019) - Health Savings Accounts, or HSAs, have become a significant and growing part of American workers' health benefit programs. To better understand how these programs are designed and administered, the Plan Sponsor Council of America (PSCA), part of the American Retirement Association (ARA), has opened its first annual HSA benchmarking survey.

Sponsored by Empower and Optum, the survey is designed to benchmark plan sponsors' use of HSA plans and measure their perceptions of HSAs as a retirement savings vehicle. The deadline for participation is March 8.

Enrollment in high-deductible, HSA-eligible health plans covered nearly 3 in 10 employees in 2017, and more than three-quarters of HSAs, 77 percent, were created since 2014, according to the nonpartisan Employee Benefit Research Institute (EBRI).

"Due to the growing importance and prevalence of HSA plans since their creation in 2003, PSCA has identified this as a key area for plan sponsors," said Hattie Greenan, director of research and communications. "We rely on input and participation from the plan sponsor community in order to continue to highlight significant trends and innovations with regard to HSA plans and their role as retirement savings vehicles."

Plan sponsors can participate in the survey online here. Participating plan sponsors will receive a copy of the full results. Advisors and providers that successfully refer clients to the survey also will receive a free copy of the survey report. Those interested can request a sample email at research@psca.org.

Questions regarding the survey can be directed to research@psca.org.

About the Plan Sponsor Council of America
The Plan Sponsor Council of America (PSCA) is a diverse, collaborative community of employee benefit plan sponsors, working together on behalf of millions of employees to solve real problems, create positive change, and expand on the success of America's voluntary, employer-sponsored retirement system. With members representing employers of all sizes, PSCA offers a forum for comprehensive dialogue. By sharing our collective knowledge and experience as plan sponsors, PSCA also serves as a resource to policymakers, the media, and other stakeholders as part of its commitment to improving retirement security for millions of Americans. For more information, visit psca.org.

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View More Press Releases by PSCA [Plan Sponsor Council of America]


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