Why aren't employees using HSAs as intended?
Throughout the pandemic, organizations have worked to expand the toolbox of health and wellness solutions available to their staff.
Personal Health Spending Accounts (HSAs) aren’t a new solution, but over the past two years, many organizations have expanded the coverage provided by these wellness allowances, and most employees have come to expect them when considering taking a new position.
For employers, HSAs may seem like the silver bullet to support the health and wellness needs of current and new employees; however, new research suggests this may not be the case.
A survey conducted by the Conference Board of Canada and TELUS Health found many employees across Canada aren’t using their HSAs to complement traditional health benefits, but rather to make up for insufficient basic medical and dental coverage.
Click below to download an exclusive feature outlining how traditional benefits packages may have significant shortcomings, which, if not addressed by organizations, could affect the attraction and retention of top talent, and the broader support of a healthy and productive workforce.