Products August 20, 2009

Principal Unveils HSA Calculator

August 20, 2009 (PLANSPONSOR.com) - A new online tool from the Principal Financial Group is designed to help those considering use of a health savings account (HSA) determine eligibility and estimate potential savings.
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A Principal news release said t he HSA calculator walks individuals through three steps including:

  • determining eligibility,
  • calculating contribution maximums, and
  • estimating potential savings and future account value.

class=”listparagraph”> Once the steps are complete, users receive a personalized summary of the information so they can evaluate the benefits of starting a health savings account. 

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class=”listparagraph”> “The economic recession created a wake up call for Americans to take a fresh look at saving for the unexpected. With health care costs on the rise, Americans should consider new ways to put money aside for future health care expenses,” said Jerry Ripperger, national director for consumer health of the Principal Financial Group, in the news release. “By running the numbers online, many individuals will realize health savings accounts are a smart way to save money tax-free for future costs.”

class=”listparagraph”> The calculator is available to the public at www.principal.com/hsacalculator .

Products August 19, 2009

Guardian Offers Online Enrollment Service

August 19, 2009 (PLANSPONSOR.com) - The Guardian Life Insurance Company of America has announced the launch of an online enrollment service and personalized enrollment kits.
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Online enrollment service, available to eligible existing Guardian customers after initial enrollment, gives plan sponsors the option of allowing their employees to update or select their benefits using the Internet, the company said in a press release. Guardian is introducing Web-based enrollment on dental, vision and life plans.

In addition, personalized enrollment kits are available to plan sponsors that offer voluntary life or disability insurance. Employees’ names and addresses are already filled in on forms and the cost information is also personalized to each employee.

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In addition to these enrollment services, Guardian recently launched a Web page at www.guardianenrollmenttips.com which offers online tips and resources for employers and their employees.

For more information, visit www.GuardianLife.com .

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