Innovative Benefits Plan Demonstrates How HSAs can Further Pay Equity
“We knew HSAs are attractive for our more highly paid colleagues looking for a tax savings vehicle. But we also wanted to support our lower paid colleagues, while still providing access to affordable, comprehensive healthcare coverage,” said Proscia. “From an enrollment perspective, it was a huge success.”
According to Pfizer, the first-year plan increased participation with over one-third of their eligible colleagues enrolling in the HSA plan, including 37% of those in the lowest salary tier.
“This is an incredible example of how benefits can drive DEI efforts,” said
This plan seeks to help all employees—regardless of income—get the resources they need to manage healthcare and support their long-term financial wellbeing.
To learn more about the partnership visit the HealthEquity Remark blog, at: https://blog.healthequity.com/case-study-pfizer-hsa-deliver-value
To see the full research findings visit
HealthEquity is the leading administrator of Health Savings Accounts (HSAs) and other consumer-directed benefits, serving more than 14 million accounts in partnership with employers, benefits advisors, and health and retirement plan providers who share our mission to connect health and wealth and value our culture of remarkable “Purple” service. For more information, visit www.healthequity.com.
Source: HealthEquity, Inc.