WEX’s Health Division Introduces National HSA Awareness Day Event, Partners with Renowned Financial Expert Jean Chatzky
June 12 2019 - 6:45AM
Business Wire
Leading healthcare benefits technology provider
enlists personal finance guru to help amplify new annual awareness
initiative
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.
About WEXPowered 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.
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Tiffany Wirth, (701) 461-6473twirth@wexhealthinc.com
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