PLANSPONSOR Weekend Newsdash
Week ending June 14th, 2019
The latest health plan news is that regulators have finalized a new rule for health reimbursement arrangements, designed to help more businesses offer insurance to employees and reduce costs for employers. To save on costs, many plan sponsors choose to self-fund their health insurance plans, but as the amount of claims continue to increase, they may need to revisit their risk strategies. Health savings accounts (HSAs) can be used to save for health care expenses in retirement, but a survey finds education is needed for rank-and-file employees as well as the top brass—and financial advisers. Cybersecurity is of growing importance to retirement plan sponsors, but employers that also offer HSAs should put that on their radar as well. Enjoy this edition of PLANSPONSOR Weekend, focused on health care benefits.
Editor's choice
Compliance
Regulators Finalize New HRA Rule
Starting next January, employers can give their workers tax-deferred funds to go shopping for a health plan, thanks to individual coverage health reimbursement arrangements.Read more >
Benefits
Time for Self-Funded Health Plan Sponsors to Revisit Stop-Loss Insurance
As medical and pharmaceutical innovations lead to higher catastrophic health insurance claims, employers with self-funded health plans need to review strategies for tackling risk.Read more >
Benefits
Entry-Level Employees to Top Executives Need HSA Education
Employee education about health savings accounts (HSAs) remains the dominant concern of plan sponsors, and plan sponsors struggle to tell employees how to allocate their savings dollars, according to a survey from PSCA.Read more >
Benefits
PSNC 2019: How to Save for Health and Retirement
Utilizing health savings accounts (HSAs) to save for health care expenses in retirement is a balancing act, as inevitably there will be a time to spend, and participants need education about how to maximize HSA benefits.Read more >
Benefits
HSA Cybersecurity: A Threat That is Growing
Health savings account (HSA) holders are encouraged to save the money in their accounts for long-term health care expenses, but the less they use their accounts, the greater the risk for fraud and identity theft.Read more >
MOST POPULAR STORIES
IRS Announces 2020 Contribution and Benefit Limits

The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans is increased from $19,000 to $19,500.

Actions to Comply With SECURE Act Should Already Be Underway

Though more guidance is expected for certain provisions of the SECURE Act, there are some that are urgent for plan sponsors to address.

Components of Annuity Pricing
The costs of annuities depends on the type and the amount of flexibility.
Retirement Plan Features to Consider Pruning
Some features make administration unnecessarily difficult, while others could derail participants’ retirement readiness.
DC Plans Moving to Become Decumulation Vehicles

More plan sponsors have a policy for retaining the assets of terminated and retired participants and more are offering decumlation strategies.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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