PLANSPONSOR Weekend Newsdash
Week ending March 8th, 2019

If an employer is spending an exorbitant amount on health insurance benefits, it makes it difficult to be generous with retirement benefits. Surveys show employers are becoming more innovative in plan designs and strategies in order to reign in health costs for both themselves and employees. Value-based care and specialty pharmacy strategies are just a couple of examples. Employers are still focusing on physical wellness programs, but looking for better ways to improve outcomes and engage employees. In addition, consumer-directed health plans (CDHPs) tied with health savings accounts (HSAs) can reduce costs for employers and provide employees with a bucket of savings for both current and future health care expenses. This week’s PLANSPONSOR Weekend newsletter focuses on the cost of health care.

Editor's choice
Employers Using Evolving Health Care Strategies Cut Costs Significantly
Willis Towers Watson identifies lessons employers can learn from what it deems “best-performing” companies in its annual Best Practices in Health Care Employer Survey. Read more >
Survey Reveals How Employers Can Improve Wellbeing Program Outcomes
A survey of employees by Welltok finds workers want more personalized wellbeing resources and more digital experiences, among other things. Read more >
Lack of Education Could Result in Greater Long-Term Health Costs
Only 33% of employees surveyed by Maestro Health say they completely understand the health coverage offered through their employers, and 62% indicated they feel their employer does not serve as a resource for their health care-related questions. Read more >
Study Shows Where HSA-Users Spend Their Savings
According to a study by Lively Inc. its average HSA-holder spent 93% of his account savings on household health care costs last year. Read more >
Tying HSAs to Retirement Savings
Kelley Long, certified financial planner with Financial Finesse, shared information to help employers promote health savings accounts (HSAs) as a retirement savings tool for employees. Read more >
Adidas Sued Over Excessive Fees for 401(k) Participants

Plaintiffs in the lawsuit argue that passive funds would have resulted in better returns net of fees that the actively managed funds offered in the plan.

(b)lines Ask the Experts – Proper Delivery Method for SPDs
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.
Yale Sued Over Wellness Program ‘Penalty’

The lawsuit says the so-called “incentive” Yale offers for participating in the wellness program are in fact a “penalty” that violates non-participants’ right, and it notes that the Equal Employment Opportunity Commission (EEOC) withdrew the incentive portions of its wellness program rules.

Employees in Two States Miss Out on One HSA Benefit
Is this impacting health savings account (HSA) participation?
Some Help for Women’s Retirement Savings Gap May Be Coming

Some legislative proposals, such as the SECURE Act, may address challenges to retirement income adequacy women face, but there are also things retirement plan sponsors can do.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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