At least half of Northwestern Mutual's clients plan to cover long-term care expenses out of their retirement savings, Keith Moeller says.
If offered an equity compensation plan and able to participate, it's a way for employees to have a mix of taxed and tax-deferred savings.
Small Employers can ask for incentives and pricing models from insurers, focus on primary care, and band together to reduced health benefit costs.
Although investment menu designs are better, there are still improvements that can be made and items plan sponsors should evaluate when selecting an HSA provider.
Aside from the benefit of having emergency savings, people acclimated to having retirement savings automated will likely stay with an automated process.
Nearly two-thirds believe it is important to have a financial literacy program offered by their employer, and they listed the topics they would like discussed.
Many are turning to innovative tech-enabled programs that cut costs for them while not shifting costs to employees, Mercer found.
Benefit consultants, benefit brokers and financial advisers are generally not counseling HSA participants to invest their funds, a survey found.
Employees not only need basic education, but they need to know how to include Social Security in their retirement income strategy.
Employers are encouraging the use of biosimilars instead of specialty pharmacy products, creating an environment that makes it clear and easy for employees to opt for high-value services,...
Surveys show employees are unsatisfied with, or even dread, the open enrollment process, but there are things employers can do to engage employees in evaluating options and choose...
Aligning benefit offerings to the unique needs of different employee cohorts is one way employers are striving to better engage employees with their benefits, Willis Towers Watson found.
A survey found 92% of small businesses are willing to work together to push for changes to make health care more affordable, but there are options created by...
Surya Kolluri, with Bank of America, says financial wellness should be thought of in the broadest way, with an eye toward how employees live their lives; this includes...
A focus on managing chronic conditions, and education to improve health care utilization can help employers manage cost increases.
Employers need to focus on getting employees into the right plans for them and maximizing the use of their benefits.
For one thing, many wellness program incentives are geared to those who are already healthy.
Taking advantage of preventive care, health savings accounts (HSAs) and employer-provided physical wellness programs are some of the ways employees can get a handle on health care costs...