Happy Friday, PLANSPONSOR readers! The interplay between health care and retirement has always been in place—as plan sponsors work to offer good benefits for both within their budgets. Employers still struggle to offer good health benefits to employees, and as fewer employers offer retiree health care benefits, more concern is moving to planning for health care expenses in retirement. Selections in this edition of PLANSPONSOR Weekend address these issues.
The latest report from the Employee Benefit Research Institute says expectations of catastrophic health care expenses in retirement are likely flawed.Read more >
The new approach consolidates all of the critical components of health care into a single integrated solution designed to reduce complexity and save money, the company says.Read more >
Seventy-one percent of small businesses that offered the new qualified small employer health reimbursement arrangement (QSEHRA) in 2017 had not offered health benefits previously, according to “The QSEHRA: Annual Report,” from PeopleKeep, a provider of benefits for small businesses.Read more >
The Insured Retirement Institute found 42% of Baby Boomers have no retirement savings, and industry sources say longevity and long-term care expenses are often not considered when Baby Boomers plan for retirement.Read more >
As employers begin to question the effectiveness of target-date funds as a retirement spending vehicle, interest in guaranteed lifetime income has grown.
