The latest study from the Segal Group includes plan sponsors’ picks for the top five cost-management strategies.
Of the HSAs with distributions, the average amount distributed was less than the average contribution, resulting in balance increases, EBRI finds.
Employers are looking at various cost-controlling strategies such as partnering with Centers of Excellence and offering telemedicine services.
Seventy-nine percent of employees indicate they have experienced an increase in health care costs, and of those, 63% say they are reducing the amount they are saving for retirement, a survey finds.
Health savings accounts are seen as a valuable tool for covering health care costs in retirement.
“Adding deductibles, copays, hearing, vision, and dental cost sharing, the number grows to $607,662 in future dollars,” the research states.
Well-being programs are generally well received by employees and employers are enhancing these offerings to drive employee engagement and stay ahead of the competition.
In 2016, circumstances appear to have tilted for some small employers, making it more advantageous to offer health coverage, EBRI says.
Leaders from Mercer discuss strategies to enhance the open enrollment season for both employers and employees.
A survey reveals issues employees have with open enrollment season.
Employers expect the cost of offering health care services to increase for the fifth consecutive year, according to the Large Employers’ 2018 Health Care Strategy and Plan Design Survey.
They are popular among small, professional firms with a disparity in pay.
The Center for Retirement Research at Boston College considers two very different approaches to solving the 75-year deficit in Social Security benefits projected by the administration’s recent Trustee Report.