- Why Health Needs to Be Part of Retirement Planning
Total, actuarial cost of healthcare for the average retiree is now projected at $387,644 in today's dollars
A white paper from HealthView Services, Why Health Needs to Be Part of Retirement Planning, provides new data detailing the projected cost of healthcare, the impact of health conditions, and strategies to plan for, manage, and even reduce healthcare costs in retirement.
read more - Percentage of Private-Sector Companies Offering at Least One Self-Insured Health Plan Falls Following Two Decades of Growth
However, drilling deeper into the data, EBRI finds mixed results by company size
The EBRI Issue Brief, “Self-Insured Health Plans: Recent Trends by Firm Size, 1996‒2018,” examines trends in the availability of, and enrollment in, self-insured health plans among private-sector establishments offering health plans and their covered workers.
read more - The Future Of Insurance: A View From The Driver’s Seat
There is only one destination for the next generation of insurance leaders — a digital future
by Denise Garth
Check your rearview mirror. Who is back there? Look out of your windshield. Who is in front of you? Can you see yourself in the visor mirror? Who is staring back?
read more - Measuring Our Health, Wealth & Productivity
Humana’s Go365® Wellness and Rewards Program Announces Five-Year Impact Study Results
Leading wellness rewards program, Go365® from Humana Inc. (NYSE: HUM), shared results of a study that examined the impact of the program on more than 10,000 participants over five years in the areas of employee health, healthcare cost savings and productivity.
read more - Four Ways Employers Are Fixing Healthcare
If you're not paying benefits-professionals directly, they're not working for you
by Donovan Pyle
The previous article from Health Compass Consulting touted the success of innovative companies who made tremendous strides in reducing healthcare costs while improving benefits for employees.
read more - American Employees Have a Strong Desire to Work Abroad, But Rarely Take the Opportunity
New MetLife survey shows employers have an opportunity to attract and retain talent by promoting expatriate experiences within their companies
A recent survey commissioned by MetLife found that 67 percent of American employees are interested in taking an expatriate (expat) assignment through their employer—stints lasting three months or more in another country—indicating that American workers have a strong desire to travel abroad for work.
read more - Positive Returns Continue for Institutional Plan Sponsors
Median plan finished with a 3.1 percent return in the quarter ending June 30, 2019
Positive investment returns continued for institutional plan sponsors in the second quarter of 2019 following a rebound in the first quarter, according to Northern Trust Universe data released today. The median plan in the Northern Trust Universe finished with a 3.1 percent return in the quarter ending June 30, 2019.
read more - Adults Are Willing to Pay More in Medicare Premiums to Ensure a Cap on Out-Of-Pocket Drug Costs
Study: One in five adults who currently take prescription drugs struggle to pay for them each month
oday, the Alliance for Aging Research announced the results of a survey that found over half of older adults over the age of 65 (52 percent) are willing to pay more each month in Medicare premiums to allow a cap on out-of-pocket prescription drug costs.
read more - American Businesses Are Fixing Healthcare
As Amazon & Apple try to prioritize reducing costs, many smaller companies are already succeeding
by Donovan Pyle
According to the Institute of Medicine, 30% of healthcare dollars are wasted, and since most Americans receive healthcare benefits from their employer, the opportunity for American businesses to solve one of our biggest challenges is immense.
read more - More Workers Eligible for Employment-Based Health Coverage Following Passage of Affordable Care Act…
Despite stagnant employer offer rates
The EBRI Issue Brief, “More Workers Eligible for Health Coverage Despite Lack of Growth in Employer Offer Rates,” examines the percentage of employers offering health insurance from 2008–2018 to better understand how health insurance offer rates may have been affected by the Patient Protection and Affordable Care Act of 2010 (ACA) in addition to the…
read more - As Ride Sharing Services Integrate into Medicare Advantage Plans, Only 27% of Plan Beneficiaries Are Aware That Transportation to Routine Appointments is Covered
60% of Medicare Advantage beneficiaries surveyed said free extra benefits, such as rides to doctor appointments, would be a motivator to choose a plan
A HealthMine survey of Medicare Advantage (MA) beneficiaries revealed that only 27 percent of respondents were aware that routine rides (non-emergency) to doctor appointments were covered. This low level of awareness is despite the fact that ride sharing promises to be a differentiator amongst MA plans for 2020.
read more - Plan Sponsors and Advisors See the Need to Improve Retirement Readiness of Plan Participants
Study: Key issues have evolved, several new issues have arisen, including trend toward 'holistic financial wellness'
Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE:VOYA), today announced the findings of the second edition of its survey of retirement plan sponsors and plan advisors.
read more - How to Keep Your Employees Satisfied…
Start with a Strong Retirement Plan
With the unemployment rate at its lowest level in 50 years, competition for strong employees is high and employers are looking for ways to attract and retain good workers. New LIMRA Secure Retirement Institute (LIMRA SRI) research suggests that “satisfied” employees are more likely to feel positive about their employer, their employer-sponsored retirement benefits, and…
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