Sentinel Benefits & Financial Group Announces New Direct-to-Consumer Healthcare Benefits Offerings
Ahead of first-ever National HSA Awareness Day, the service provider showcases its new way to connect with employees directly
BOSTON, Oct. 8, 2019 /PRNewswire-PRWeb/ -- Sentinel Benefits & Financial Group, a leading provider of financial planning and investment products and solutions, announces that it now offers individual health savings accounts (HSAs). Sentinel's Health + Wealth model, which is designed to create an engaged and better-prepared workforce, allows partners and individuals to rethink their overall benefits spend and value.
"We partner with our clients to create an environment that encourages retirement readiness, promotes healthy choices, and empowers participants to take control of their financial well-being," said Scott Riordan, vice president of health and welfare services at Sentinel. "Our Health + Wealth experts help simplify the benefits process for plan sponsors, and our financial planners put it all into perspective for participants."
Sentinel Benefits' HSA tools are powered by WEX, a leading financial technology service provider. Since 2008, Sentinel has offered HSAs to employers, and new research shows that its HSA participants (across both accounts tied to an employer and those opened by an individual) have invested 30 percent of their HSA contributions as of July 31, 2019. This is higher than the industry data that states that, at the end of 2018, only 18 percent of HSA contributions across all accountholders were invested.
Historically, healthcare (meaning insurance, benefits and reimbursement accounts) and wealth (meaning retirement plans, investment vehicles, among others) have been siloed into separate buckets. However, Sentinel is successfully breaking down those siloes by designing and administering both health and wealth plans.
To help raise greater awareness of the value of heath savings accounts, Sentinel will take part in National HSA Awareness Day, a day 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. Jean Chatzky, founder and CEO of HerMoney, renowned financial expert, and best-selling author will serve as a 2019 educational ambassador for HSA Day. Along with WEX's Health division and other partners, Chatzky is sharing the benefits and value of owning and using an HSA via social media using #LoveMyHSA. To register for HSA Day, visit http://www.hsaday.com.
To learn more about Sentinel Benefits technologies, please visit: https://www.sentinelgroup.com/
About Sentinel Benefits & Financial Group
Sentinel Benefits & Financial Group is the brand name for which Sentinel Benefits Group, Inc., Sentinel Securities, Inc., Sentinel Pension Advisors, Inc. and Sentinel Insurance Agency, Inc. serve clients' business needs. The four firms operate as separate legal entities. Sentinel Benefits Group, Inc. provides employer consulting and benefit administration; Sentinel Securities, Inc., a registered broker/dealer, offers securities products; Sentinel Pension Advisors, Inc., an SEC-registered investment advisory company, provides investment advisory services; and Sentinel Insurance Agency, Inc. provides insurance brokerage services.
SOURCE Sentinel Benefits & Financial Group
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