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The Role of HSAs in Financial Wellness and Retirement Plan sponsors can promote the HSA benefit as a part of employees’ financial wellness and liken its importance to other financial planning tools. Reported by Health savings accounts (HSAs) have long been utilized to pay for current medical expenses, but more employers and workers are now investing their account balances to establish better retirement security. Experts at the 2021 PLANSPONSOR HSA Conference discussed the confluence of financial wellness and retirement, and how employers can maximize HSAs to achieve both financial wellness and retirement security. First, plan sponsors should converge both categories into one and discuss the two during the same season. “Plan sponsors think of retirement at one point in the year and health care in the other part of the year,” said Greg Puig, vice president of Benefits Consulting Services at Sentinel Benefits and Financial Group. “We need to bring the strategic initiative a

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