Health Savings Accounts (HSAs) continue to be an important aspect in supporting employees throughout their health care journey, whether navigating the health care system today or planning for future medical expenses, such as those in retirement.
Fidelity recently released its annual Retiree Health Care Cost Estimate, and this year it’s $295,000 – which is the amount a 65-year old couple retiring this year can expect to spend on health care and medical expenses throughout retirement. Educating employees about these potential costs could help drive smarter choices during annual enrollment about their health plans and a better understanding of the impact that a health savings account could have on their future financial well-being.
A recent Fidelity study showed that 89% of HSA users report that an HSA has had a positive impact on their lives. Yet, many employees choose not to opt for a High Deductible Health Plan (the requirement to contribute to an HSA).
During this webinar we will look at the rapidly growing and evolving health savings account market. We’ll share learnings from our annual HSA trends report, Building Healthy Futures, which examines the HSA landscape, key spending and saving behaviors and insights on ways to utilize HSAs now and to plan for future expenses.
Vice President, HSA Carrier Sales – Fidelity Health Solutions
Karen joined Fidelity in 2016 as Director of Carrier and Vendor Solutions for Fidelity Health Marketplace, and in 2019 moved to help the Fidelity Health Savings Account (HSASM ) team establish and manage new distribution channels for the HSA business. Karen’s focus is on working with health insurance companies and other entities to find new avenues for expansion and vitality within the dynamic healthcare industry.
Karen has been in the employee benefits industry for over 20 years, and her varied background includes roles at Unum in voluntary benefits, claims and compliance. Prior to joining Fidelity Investments, she worked for a SAAS benefits technology startup where she developed partnerships with major US insurers.
Licensed as a life, health, property and casualty broker in all 50 states, she continues to serve as a Designated Legal Responsible Producer for the insurance operations of Fidelity Investments. She also holds FINRA Series 7 and 63 licenses. Having started her career in claims, Karen continues to have a passion for helping people understand their benefit programs and the value it can bring in planning and preparing for the unexpected.
Director, Fidelity Health Solutions Thought Leadership
Stan Dorsey is part of Fidelity’s Health Solutions Thought Leadership team, which develops actionable health and wellness research and insights for employers and their workforce. His focus is primarily on the employer segment and includes content on health savings accounts and various other employee health benefit solutions.
A former journalist and corporate communications professional, Stan spent 13 years at CVS Health prior to joining Fidelity in 2016.