- Recruit, Retain: Upskill & ReSkill
Nationwide announces a five-year, $160M Future of Work investment
In a rapidly-changing business environment and competitive job market, businesses are looking to attract and retain talent to help them deliver on their mission, and workers are looking for a company that is values-based and values them. Workers are also seeking employers who will partner with them in preparing for their futures.
read more - 40% of Older Americans Rely Solely on Social Security for Retirement Income
Only 7% of Retirees Have Ideal Situation of Income from Three Sources: Social Security, Pension & Savings
Only a small percentage of older Americans, seven percent, receive income from Social Security, a defined benefit pension, and a defined contribution account. Retirement income from these three sources is widely considered to be the ideal situation to ensure retirement security, particularly for the middle class. Retirees with these three sources of income are far…
read more - Risk of Pension Meltdown Grows Due to Inaction by U.S. Congress
House & Senate laid out blueprints in 2019... with very different visions... but failed to reach agreement
The window is closing on the chance to avert a pension meltdown that will slash the retirement benefits of more than a million U.S. workers.
read more - Health Savings Account Balances Show Continued Growth
Analyzing the state of and the individual behavior in HSAs
According to a new EBRI report, average health savings account (HSA) balances increased from $1,990 in 2011 to $2,803 in 2018. “Trends in Health Savings Account Balances, Contributions, Distributions, and Investments, 2011‒2018: Estimates From the EBRI HSA Database” is a longitudinal study from EBRI’s HSA database, examining trends in account balances, individual and employer contributions,…
read more - What’s Next for the Pension Risk Transfer Market?
Challenges and misconceptions about time & costs
Challenges and misconceptions about time & costs New research from LIMRA In our latest LIMRA Unplugged episode Alison Salka, LIMRA research director, and Scott Gaul, head of Investment and Pension Solutions for Prudential Retirement, discuss current trends in the pension risk transfer market, the challenges plan sponsors face and some of the misconceptions about the…
read more - How Much Do Medicare Beneficiaries Spend Out of Pocket on Health Care?
The oldest beneficiaries, aged 85+, spent more than two times what those aged 65-74 did
Many policymakers and presidential candidates are discussing proposals to build on Medicare in order to expand insurance coverage and reduce health care costs, and improve financial protections and lower out-of-pocket costs for people currently covered by Medicare.
read more - Funded Ratio For 100 Largest U.S. Public Pensions Climbs to 73.4%,
Nearly one-third of PPFS plans lowered interest rate assumptions since 2018 study
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2019 Public Pension Funding Study (PPFS), which analyzes funding levels of the nation's 100 largest public pension plans, including an independent assessment on the expected real return of each plan's investments.
read more - U.S. Health Insurance Market Outlook Maintained at Stable
Strong earnings among carriers, lower utilization and medical cost trends
Strong earnings among carriers, lower utilization and medical cost trends A new Best’s Market Segment Report also cites fewer new higher cost prescription drugs coming to market OLDWICK, N.J., December 11, 2019—AM Best has maintained its market segment outlook for the U.S. health insurance industry at stable for 2020, citing continued strong earnings among carriers,…
read more - Is Medical Bankruptcy An Option Americans Should Consider?
How 'surprise costs' can undermine an otherwise sound financial plan
The American public pays more for healthcare now than at any other time and is going bankrupt and carrying debt for medical care at an alarming rate. According to the Boston Globe, in 2007, illness and medical bills contributed to about two-thirds of all personal bankruptcies, up from about half of bankruptcies in 2001.
read more - US Healthcare Industry Not Warming to Single-Payer Structure
Industry 'increasingly adept' at predicting costs and 'pricing the impacts'
At the recent North American Insurance Conference held by Fitch Ratings, the healthcare panel discussion centered around major industry developments, including benefits of vertical integration and challenges that are driving the debate around a single-payer system.
read more - Despite Economic Growth & General Optimism, An Underlying Malaise
Aflac study shows employees are stressed by health insurance decisions -- Workers influenced by family history
American workers are stressed about understanding what health insurance they need and enrolling for benefits. They also are less satisfied with their overall benefits packages but factor family history into health insurance decisions.
read more - On Workers’ Wish List: More Time Off And Flexibility
Half of workers stressed about money
More than any other perk, workers want generous paid time off and flexibility from their employers. This, according to a recent online poll of the most popular non-insurance benefits among 1,512 U.S. working adults conducted by employee benefits provider Unum.
read more - Fitch Ratings: Continued Strong Operating Performance Supports Stable Outlook for US Health Insurers
Supported by low unemployment, manageable medical cost trend and solid growth in government-funded business
Full year 2019 operating performance within the U.S. health insurance sector is expected to extend the trend of solid results established in recent years, and there are strong indications that this trend will be extended further in 2020.
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