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Wednesday, March 20th, 2024
A topical newsletter from PLANSPONSOR
Health Care and Benefits
A collection of articles focusing on how plan sponsors are providing health care and other benefits for their employees.
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Benefits
HSA Balances on the Rise, Despite Higher Spending on Health Care
Average health savings account balances continue to increase, even as employees often treat them as short-term spending vehicles and take consistent distributions, new EBRI data show.
Benefits
Study Shows Gen Z Employees Not Taking Advantage of Health Savings Accounts
Employees younger than 30 were the most likely to contribute $0 to their HSAs, according to a new Inspira study.
Benefits
Projected Health Care Costs for Medicare Beneficiaries Rose Again in 2023
Some couples may need to have as much as $413,000 saved to afford premiums, deductibles and out-of-pocket drug costs in retirement, according to new EBRI data.
Administration
PLANSPONSOR Roadmap 2024: Defining Financial Wellness
Financial wellness means different things to different people but retirement plan sponsors should establish their company goals for their workforce in order to extract maximum value from financial wellness programs.  
Data and Research
Employers Struggle to Meet Employee Demand for Higher Pay, Better Benefits
New research reveals employers are often out of touch with the needs of their employees, who seek higher compensation, better work-life balance and quality benefits.
Benefits
Will Plan Sponsors Adopt PLESAs in 2024?
With new guidance from the DOL and IRS, employers have an opportunity to hit the ground running and adopt pension-linked emergency savings accounts this year.
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