Week ending November 16th, 2018 This week, we’re talking about health care and other benefits. Recently, AARP updated its Social Security Resource Center with an analysis of the 12 most common Social Security misconceptions. One of the most common misconceptions is the notion that the service is “going bankrupt” in the near-term. A MetLife report finds public sector employees are interested in customized benefits, and Vanguard partners with HealthEquity to launch health and wealth retirement planning services for defined contribution (DC) plan sponsors and participants. Additionally, 80% of plan sponsors are committed to reducing health care costs, and, while health savings accounts (HSAs) can offer quality investment options, a study shows fees remain high and transparency low. All this and more on this edition of PLANSPONSOR Weekend.
Editor's choice Benefits Crash Course on Social Security From AARP One key misconception to break is that Social Security is meant to be an adequate source of income on its own for retirees.Read more > Benefits Public Sector Employees Want Customized Benefits And public sector employers are more likely than their peers to offer a full range of benefits.Read more > Products Vanguard Partners on Offering HSAs to DC Plans For Vanguard participants who elect to save in a HealthEquity HSA, Vanguard’s Retirement Readiness Tool technology will integrate their HSA information with their DC plan balance and other assets to give them a comprehensive view of their current and future retirement savings.Read more > Benefits Eighty Percent of Employers Focusing on Reducing Health Benefit Costs However, while 71% of employers see a positive impact on company health benefit costs from wellness programs, more than one-third say they do not offer these programs, the Transamerica Center for Health Studies found.Read more > Data and Research HSAs Offer Improved Investment Options Morningstar found fees remain elevated and transparency remains poor.Read more >
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