Magazine article HRMagazine

Briefs: Benefits

Magazine article HRMagazine

Briefs: Benefits

Article excerpt

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HSAs OUTPACE HRAs

The number of U.S. employers offering health savings accounts (HSAs) increased from 14.7 percent to 15.1 percent in 2013, and employee participation rose from 7.1 percent to 8.8 percent in the same period, according to new data from the 2013 UBA Health Plan Survey, based on responses from 10,551 U.S. employers sponsoring 16,928 health plans of all sizes nationwide. By contrast, the percentage of employers offering plans with health reimbursement arrangements (HRAs) in 2013 was 8.6 percent, and employee participation dropped from 8.8 percent in 2012 to 8.6 percent in 2013.

PARTICIPATION DISAPPOINTING IN VOLUNTARY BENEFITS

Although employees' benefit satisfaction levels reached a record-high of 50 percent in 2013, only 36 percent of employers said they were "very satisfied" with employee participation in their voluntary bene- fits programs, according to MetLife's 12th annual U.S. Employee Benefit Trends Study. Fifty-nine percent of employees were "very interested" in a greater vari- ety of benefits. …

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