HSAs are 20 years old while 401(k)s are 45. It is long past time for strategies that blend them together to gain a competitive cost advantage in the war for talent. HSAs offer maximum utility while 401(k)s provide liquidity — and both improve financial resiliency. Give your workers access to America's most valuable tax-preferred benefit by creating a synergistic combination of HSA and 401(k) benefits that work better together.

Takeaways

• Create a plan that lowers employer-paid and worker-paid medical expenses while increasing financial resiliency as well as aggregate retirement savings and retirement preparation.
• Learn how to leverage available transition provisions and innovations to improve associate engagement, as well as real and perceived perceptions of improved value.
• Significantly improve retirement preparation (especially with respect to retiree medical and long-term care risk exposures) by leveraging tax preferences.