Past Attendee Testimonials

As CFO of Veritext, managing the employee and financial aspect of health and wellness benefits increases in importance every day. I’ve been attending BFE for 5 years now and I am amazed at how much I learn each time I attend.

The ability to network with peers facing the same challenges, as well as to meet industry experts is critical in staying ahead of the curve in this ever changing and important facet of our business."
   —Rich Antoneck, CFO,
       Veritext Deposition &
       Litigation Services

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Tuesday, September 11, 2012

11:00 a.m. - 11:45 a.m.
Track: Retirement and Personal Finance View Track


Kimberly Sexton, Vice President, TOTAL BENEFIT COMMUNICATIONS, LLC

Health Savings Accounts have been in place now for several years. Initially human resources professionals only needed to know how to set up the account and the contribution amounts permitted.  Now account balances are starting to grow and are becoming sizable assets for employees.  As such, employees are looking for strategies as to how to invest the funds, including these funds in their financial planning for their future, and coordination with Medicare benefits.

  • Health Savings Accounts are long-term savings vehicles that are unique in allowing for both tax-free contributions as well as tax-free distributions.
  • An employee with 25 years left until retirement saving $5,000 a year in their Health Savings Account at a modest 5% rate of return will have more than the recommended $250,000 to cover their retirement medical expenses.
  • Health Savings Accounts can also provide a stream of income in retirement to be used for non-qualified medical expenses.  Potentially, some of this income can also be on a tax-free basis.

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