Introducing Deborah Meek

Introducing Deborah Meek, Business Development Director

We have some great news to share. We’re super excited to announce the addition of Deborah Meek as our new Director of Business Development. Deb is a long time industry veteran and sales leader and we're very pleased to have her on our team! Her responsibilities will include developing strategic ways of helping ABG clients maximize their CDH strategy through the company’s service offerings, as well as introducing new employers to ABG’s highly differentiated service and technology offerings.

Read more …

American Benefits Group (ABG) Navigating the Road to Consumer Directed Healthcare 2.0

CDHC COBRA Flexible Spending FSA Health Reimbursement Health Reimbursement Arrangements Health Savings HSA Transit and Parking Section 132

American Benefits Group (ABG) Navigating the Road to Consumer Directed Healthcare 2.0

The rapid adoption of consumer-directed health plans and accounts is a megatrend. In 2021 over 80 percent of U.S. employers offer a High Deductible Health Plan (HDHP) with a pre-tax consumer spending account or an HSA. According to Employee Benefit Research Institute (EBRI), the average industry-wide Health Savings Account (HSA) balance is about $2,100, while an average couple will require more than $285,000 in savings at retirement age to cover their likely out-of-pocket healthcare costs. Moreover, only 30 percent of health savings account holders fall in the ‘saver’ category, carrying account balances from year to year. These statistics highlight the need for better education, tools, and resources to help consumers better manage the financial responsibility for their current and future healthcare costs.

Read full Article at HR TECH Outlook

Read more …

American Benefits Group (ABG) Upping the Benefits Administration Game

CDHC COBRA Flexible Spending FSA Health Reimbursement Health Reimbursement Arrangements Health Savings HSA Transit and Parking Section 132

American Benefits Group (ABG) Upping the Benefits Administration Game 

In recent years, the US’ employee benefits landscape has rapidly evolved owing to factors such as escalating healthcare costs, changes in employment and benefits laws, and new initiatives and options in healthcare benefits. As employers continue to explore various ways to manage the costs and strategic design of their health benefits programs, integrated consumer-driven accounts such as Healthcare FSA, Health Savings Accounts (HSAs), and Health Reimbursement Arrangements (HRAs) play an instrumental role to empower participants with the tools they need to manage their health care spending and out of pocket costs. Delivering comprehensive tools and guidance to manage these accounts in one place with access real time healthcare cost and quality assessment tools and data is a responsibility that Massachusetts-based American Benefits Group (ABG) take very seriously. 

Read full Article at MANAGE HR

Read more …