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 the
ir employees
,
who
seek higher compensation
,
better
work-life
balance
and quali
ty bene
fits.
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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