Happy Friday, PLANSPONSOR readers! This week we focus on health care and other employee benefits. A survey shows equity compensation plan participants use their plan for many purposes and would like financial wellness help so they can make the most of their benefits. Bob Armour, chief marketing officer (CMO) of Jellyvision, explains why employers may want to help employees deal with other financial priorities before encouraging them to participate in their retirement plan. A survey finds employers don’t think high-deductible health plans (HDHPs) make employees good health care consumers, and a new bill would include chronic disease management in HDHP coverage before having to meet the deductible. All this and more in this edition of PLANSPONSOR Weekend!
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.
Read more >
The bill would permit high-deductible health plans (HDHPs) to provide chronic disease prevention and treatment—which some say is critical to reducing health care costs—prior to participants having met their deductible.
Read more >
If legislation passes to allow for open multiple employer plans (MEPs) for plan sponsors without a common nexus, experts believe they will offer benefits to plan sponsors, but there would be some considerations to explore before joining one.