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| Benefits & Administration |
| Americans Lack Awareness of HSA Benefits |
| As America’s health insurance industry struggles through a state of uncertainty and Americans face rising health care costs, employers are turning to various strategies to help employees cover medical expenses. One increasingly popular option is the health savings account (HSA), available to employees with high deductible health plans (HDHP). These products help people save and invest for current and future medical expenses. However, new research by Fidelity Investments suggests many Americans are unaware of the various benefits HSAs can offer.Read more > |
| Social Security Reform Should Consider Life Expectancy Gap |
| Researchers found that for those born in 1960, there is a $130,000 gap in benefits between the highest and lowest socioeconomic groups.Read more > |
| Older Workers Unable to Retire Cost Employers $50,000 a Year |
| Because many employers are unaware of the cost of having older workers unable to retire, or think they cannot calculate it, Prudential Financial has done the analysis and published its findings in the report, “Why Employers Should Care About the Cost of Delayed Retirements.” For each individual who cannot retire, the cost averages an extra $50,000 a year, representing the difference between the salary of an older worker and hiring a younger person, according to Prudential.Read more > |
