Benefits

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,...

The company says the solution completely automates the entire HSA process from start to finish, so there is no time-consuming paperwork to fill out or educational materials to...

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...

It is also important to fund accounts right away.

Separating the amount of premiums and out-of-pocket expenses can help employees see more realistic expenses to plan for than a huge lump-sum number.

Research found low engagement levels with health benefit programs, and one problem it identifies is employees are often required to access multiple disparate systems to learn about and...

A report suggests the move to self-fund health benefits, especially among small employers, is reversing, but other data doesn’t, and sources say self-funding can still be a good...