Happy Friday! This week we’ll be highlighting health care and other benefits. A new study by the Employee Benefit Research Institute (EBRI) and Greenwald & Associates discusses how high deductible health plans (HDHPs) impact an employee’s behavior and attitude. A Prudential report explains how targeted financial education influences different groups of participants, including LGBTQ, Latino, Black and women workers. Next, find out what changes in health care costs are expected in 2019; how adding active leaders in physical wellness programs can boost participation; and tips for modernizing health savings accounts (HSAs) to be true retirement savings vehicles. All this and more on this week’s edition of PLANSPONSOR Weekend. Please note that there will be no weekend newsletter next Friday. Have a wonderful holiday!
Among Asians, Blacks, caregivers, Latinos, LGBTQ Americans and women, Prudential Financial found some groups are better prepared for retirement, and some groups focus more on helping others than themselves.Read more >
Transformation in health care delivery, focus on high-dollar claims and drug costs, and continued movement to account-based plans are among the list for what employer health benefit providers and advocates see happening in 2019.Read more >
The 2018 Health Enhancement Research Organization (HERO) Scorecard Progress Report also found offering targeted lifestyle management services and having a formal, written strategic plan in place for well-being improve physical wellness program outcomes.Read more >
A report from Cerulli Associates suggests that pairing HSA and DC plan communication and administration and modernizing HSA investment menus can help to position HSAs as retirement savings vehicles.Read more >
The purpose of a retirement plan and the demographics of its participants will help plan sponsors decide what types of investments they need to use to take participants from accumulation to decumulation.