In 2017, small business employees used an average of 78% of their QSEHRA allowance, and 52% used 100% of their allowance.
Forty-one percent of Americans polled say they decreased contributions to a savings plan because of health care expenses.
EBRI also found Millennials are leading the way in using innovative strategies employers are implementing to manage health coverage costs.
The state of South Dakota has experienced good results since implementing automatic enrollment and automatic deferral escalation in its 457(b) plan.
Many types of benefits offer financial protection and peace of mind for employees, speakers from Mercer explained in a webcast.
A poll by LendEDU finds 46% of Americans would participate in a proposed program that would provide loan forgiveness to borrows who agree to delay eligibility to collect Social Security.
A new website launched by Principal seeks to help business owners and their advisers talk through the possibilities of creating an employee stock ownership plan as part of a broader ownership transition.
Case studies show how using pay-for-value strategies, improving quality of care efforts, personalized experiences and embracing disruption are providing cost savings for employers and employees alike.
The decrease in self-insured plan enrollment is due to a decrease in self-insurance for large employers.
Employers are introducing more convenient and high-quality health care options.
A company of 10,000 employees could realize savings of more than $22 million annually by implementing a broad set of effective strategies and practices, according to Willis Towers Watson.
A survey from the International Foundation of Employee Benefit Plans shows employers who put sustained focus into their employee wellness programs generally see boosted participation rates and results over time.
Of all factors, salary was found more likely to encourage savings both an HSA and 401(k).
Growing contributions and a strong equity market helped propel HSA investment assets up 53% year over year during 2017; data shows employees increasingly want advice on how to invest and eventually spend HSA dollars.
Fifty-six percent of employers say their programs incite a healthier lifestyle among participants, but only 32% of employees concurred, surveys from Willis Towers Watson found.
Nearly 45% of respondents to a ConnectYourCare survey chose to enroll in a health savings account (HSA) as a savings vehicle for future health care needs, up from 40.5% in 2017.
Three-quarters of respondents to a Schwab Stock Plan Services survey consider equity compensation part of their long-term financial plan, and most say their equity compensation helps them feel less stressed about their finances and more prepared for retirement.
The majority of respondents to a survey cited other approaches for converting passive patients into active health care consumers.
Respondents to an AHIP study indicated their employers and insurance providers working together to improve health and lower costs improves their favorability of both.
The initiative could ultimately benefit all Americans, Jamie Dimon, chairman and CEO of JPMorgan Chase says.