- Who Are Gig Workers and How are They Faring?
Some Surprising and Some Not-so-surprising Findings from the New Bureau of Labor Statistics Survey
While the term “gig economy” may conjure images of Millennials driving for Uber, the reality is that workers in alternative employment arrangements are far more likely to be Gen Xers or Baby Boomers.
read more - Medicare’s Financial Condition: Beyond Actuarial Balance
With income diminished and expenses on the rise, sustainability now a central focus
Each year, the Boards of Trustees of the Federal Hospital Insurance (HI) and Supplementary Medical Insurance (SMI) trust funds submit a report to Congress on the Medicare program’s financial condition
read more - Two Lawsuits with Implications for the Coverage of Millions of Americans
With potentially far reaching implications for the Affordable Care Act and the Medicaid program—and the millions of Americans who depend on them for their health insurance
by Sara R. Collins
Significant legal challenges have marked the history of the Affordable Care Act (ACA) since its passage in 2010, and have largely determined the outlines of the law’s current structure. Similarly, as Sara Rosenbaum argues in a brief published this week, the courts have substantially shaped the Medicaid program over its 53-year history.
read more - Fidelity Asks: Are You Making The Most Out Of Health Savings Accounts?
Many are not maximizing HSAs – A misunderstood savings opportunity
Today, Fidelity Investments® announced it has continued to see double-digit growth of its health savings account (HSA) business, adding 112 new employers in 2017 that provide HSAs to their employees. Account openings are also on the rise, with Fidelity’s 837,800 individual account holders representing $3B in assets, a 50 percent increase from 20171.
read more - Nation’s Men Stressed About Finances, Work and Health
Unum spotlights top stressors during Men’s Health Month
Recent research from Unum (NYSE: UNM), a leading provider of leave management services and employee benefits in the U.S., details the prevalence of stress and behavioral health concerns among the nation’s men.
read more - How Would Retirement-Reform Proposals Impact Retirement Income Adequacy?
Reduction in retirement deficits could be significant for younger age cohorts
The Employee Benefit Research Institute (EBRI) has just released new research that examines the impact of various retirement-reform proposals on aggregate retirement deficits. While EBRI’s Retirement Security Projection Model,® (RSPM) shows that most policy initiatives would have limited impact for those already on the verge of retirement, the reduction in retirement deficits could be significant…
read more - Actuaries Identify Drivers of 2019 Health Insurance Premium Changes
Having stabilized, individual market now facing deteriorating risk-pool
The American Academy of Actuaries has identified increasing health care costs and the effects of public policy changes as among the major drivers of 2019 premium rate changes for individual insurance coverage that is subject to Affordable Care Act (ACA) rules.
read more - Twenty-Three Percent Fewer Employers Are Offering Life Insurance to Their Workers
Still, employees recognize its importance and value
In 2017, only 48 percent of employers offered life insurance to their workers, a 23 percent decline from 2006. This continues a steady of decline in employer-sponsored life insurance since 2006 ).
read more - The Costs & Impacts Of Caring
Report: The strain on caregivers reaches across generations, resulting in lower productivity in the workforce
A new report from Unum (NYSE: UNM), a leading provider of leave management services and employee benefits in the U.S., details how caregiving responsibilities can take emotional, physical and financial tolls on the caregiver and result in lower productivity and engagement at work.
read more - Though More Comfortable with Volatility, Americans Still Lean Toward Protecting Retirement Savings
Concerned about their Nest Eggs and Ability to Recover from Significant Market Drop
Americans are becoming more comfortable with market volatility in the short term, but market gyrations so far this year have them increasingly interested in finding ways to protect their savings from such volatility
read more - Sun Life Financial acquires Maxwell Health
Robust technology platform provides complete benefits administration
Sun Life Financial announced today that it has acquired Maxwell Health, an innovative start-up with an employee benefits platform that makes benefits and HR administration simple for employers and their employees.
read more - Self-Directed 401(k) Investors Favored Mutual Funds in First Quarter
Despite volatility, average monthly trades remained low
According to Charles Schwab’s SDBA Indicators ReportTM, an industry-leading benchmark on retirement plan participant investment activity within self-directed brokerage accounts (SDBAs), plan participants invested the largest percentage of new assets into mutual funds in the first quarter of 2018, followed by exchange-traded funds, equities and fixed income.
read more - J.P. Morgan Launches Enhanced Digital Target Date Compass Program
An Industry-Leading Program to Evaluate and Select Target Date Funds Gets Even Better
J. P. Morgan Asset Management is announcing a major upgrade to its popular Target Date CompassSM tool that advisors use to help plan sponsors make informed target date fund selections.
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