FARGO, N.D.--(BUSINESS WIRE)--Today, the Health division of WEX Inc. (NYSE: WEX), a leading financial technology service provider, announced it has partnered with Jean Chatzky, founder and CEO of HerMoney, renowned financial expert, and best-selling author, to launch a new awareness initiative: National HSA Awareness Day. The day, which will take place each year on October 15, is dedicated to bringing the public and the healthcare benefits industry together to discuss the power of health savings accounts (HSAs) and their ability to impact some of the most prevalent issues Americans face today, such as: managing health-related out-of-pocket expenses, preparing for unexpected healthcare costs, and planning for retirement.
HSA Awareness Day is designed to help Americans understand the many ways that HSAs can be used to save money using pre-tax dollars to pay for out-of-pocket medical expenses. As a 2019 educational ambassador for HSA Awareness Day, Chatzky will, along with WEX’s Health division and its Partners, share the benefits and value of owning and using an HSA via social media using #LoveMyHSA leading up to HSA Awareness Day. On October 15, Chatzky and WEX’s Health division will co-host a live-streamed discussion about best practices for building financial preparedness for unexpected healthcare costs and will debunk myths and misconceptions about HSAs.
“I am thrilled to team up with WEX’s Health division on this educational mission,” says Chatzky, who also hosts the HerMoney podcast. “The larger goal is to encourage people to ask questions, engage in dialogue with their employers or providers, and make smart healthcare benefits choices that will not only save them money, but also set them up for success should something unexpected happen at any stage of life.”
WEX’s Health divisions’ research shows that millions of consumers are still in the dark on the benefits of an HSA, missing out on opportunities to both better prepare for healthcare costs and save for retirement. In fact, some Americans don’t even know HSAs exist, and many find HSAs—and employee benefit choices in general—to be confusing and complex. WEX’s Health division’s recent research report, “Paying for Healthcare in America: Challenges, Missed Opportunities, & What We Can Do,” underscores these concerns. The report is available here.
“We thoughtfully and purposely designated October 15 as National HSA Awareness Day as it is just ahead of open enrollment season for most employer benefits plans. HSAs will be top of mind for consumers as they make important and impactful decisions during the enrollment process,” says Jeff Young, president, Health, WEX. “We hope the industry joins in on October 15 this year and every year to grow and empower this significant awareness mission and ultimately help more Americans benefit from the advantages HSAs provide.”
For more information, visit www.HSAday.com and follow along on social media by tracking the hashtag #LoveMyHSA.
Powered by the belief that complex payment systems can be made simple, WEX (NYSE: WEX) is a leading financial technology service provider across a wide spectrum of sectors, including fleet, travel and healthcare. WEX operates in more than 10 countries and in more than 20 currencies through more than 4,800 associates around the world. WEX fleet cards offer 13.1 million vehicles exceptional payment security and control; purchase volume in its travel and corporate solutions grew to $34.7 billion in 2018; and the WEX Health financial technology platform helps 343,000 employers and more than 28 million consumers better manage healthcare expenses. For more information, visit www.wexinc.com.