Some individuals report that health care costs are affecting their ability to save for retirement and their overall financial wellbeing. However, employers continue to advocate for employees to also save in health savings accounts (HSAs) to address current and future health expenses, even as employees say they are struggling with saving in both. An expert offers a strategy for doing so, and research suggests a way to combine health management with annuities to address future health care expenses. Other than health care, providers are continuing to develop products designed to improve employees’ financial picture via student loan repayment benefits and equity compensation plans. All this and more in this edition of PLANSPONSOR Weekend.
Of the nearly half of survey respondents who report they have experienced health care cost increases in the past year, 24% state they have decreased their contributions to retirement plans, and 17% have taken a loan or withdrawal from a retirement plan.Read more >
Once participants understand health savings accounts (HSAs), plan sponsors can encourage them to invest their money and think about saving for future health care costs.Read more >
A report details how utilizing the savings through health management can fund staggered annuities to help pay for health care expenses in retirement.Read more >
According to E*TRADE, the tool aims to help participants understand how proper utilization of proceeds can meet financial goals, among other things.Read more >
The nomination process has begun for the 2019 Plan Sponsor of the Year and Retirement Plan Adviser of the Year Awards. Today is the deadline for nominations for Retirement Plan Adviser of the Year Awards.Read more >
