Medical tourism is gaining traction among Americans, and it can be a tool for brokers seeking to keep their self-funded clients’ health care costs down.
When prompted with direct financial incentives, including contributions to their HSAs, employees tend to show much stronger involvement in workplace wellness offerings.
While debate continues about the long-term effects of the Affordable Care Act, many employers report minimal changes in their health care premiums as a result.
There may be a convergence of public and private exchanges and if that happens carriers need to adopt a more holistic approach and consider multiple retail channels to distribute their products as part of a multi-carrier approach or alliances such as those seen within the CO-OP market.
The past year was not a good one for the top 100 corporate pensions, according to research by Towers Watson. Falling interest rates and increased liabilities from updated mortality assumptions combined in 2014 to eradicate most of the gains from the previous year, Towers Watson found. The average funded status of the Towers Watson Pension 100 fell from 89% to 81% in 2014, even though plan assets gained in value. One bright note was that plan sponsors
Ownership of life insurance has been on a steady decline, and the reason many experts point to are other more pressing financial priorities — particularly with retirement income becoming such a hot priority.
The Equal Employment Opportunity Commission released a proposed rule today on wellness programs, removing what at least one business group calls a “big cloud” that has been hovering over employers as they struggle to ensure their wellness incentive programs don’t run afoul of the EEOC.
The DOL this week published its highly anticipated proposed rule to expand the types of retirement advice covered by fiduciary protections. What will that mean for advisers and their employer clients?
With more than 13 million customers, Humana is one of the largest U.S. health insurance companies. But, according to Humana’s president and CEO Bruce Broussard, the Louisville, Ky.-based insurer is in the business of health outcomes, not insurance underwriting.
Technical difficulties may have marred public exchanges' first year of operation, but at least providers were able to breathe a collective sigh of relief about not being inundated with a sharp increase in new or sick patients scheduling appointments.
Commentary: The new proposal will provide greater transparency regarding fees and a uniform definition of who is a fiduciary.
After nearly five years of waiting, the DOL has released its proposal to amend the regulation governing ERISA’s fiduciary definition. The proposed fiduciary rule aims to expand fiduciary duties to those who provide investment advice. With expert analysis and reaction, EBA is covering the highly anticipated unveiling of the rule. Here you can find our complete coverage on the proposed rule.
The much-anticipated rule that provides a new definition of who is a fiduciary was released by DOL this week to much fanfare. And while most people agree there won’t be much impact on plan sponsors, there are passionate groups on both sides of the aisle fighting for or against this new proposal.
Employees and employers need to make sure their 401(k), 403(b) and 457 plan assets are in the right allocations for where they are in life, and that means revisiting those allocations on a regular basis.
Seattle-based Array Health says it has formed a partnership with HealthEquity providing personal health accounts on Array’s e-commerce platform – Array Spectrum.
Despite the best efforts of workplace-sponsored retirement plans and even the relatively positive status of Social Security, many baby boomers say they have lost confidence in their ability to live comfortably in retirement.
It’s not often a company finds itself in a market position where it has the flexibility and agility of a newcomer, along with a storied history that provides name recognition and a solid base of existing expertise. Global financial services giant AXA is in this sweet spot as it enters the U.S. employee benefit business for the first time.
The Department of Labor on Tuesday unveiled its much-anticipated rule proposal extending a fiduciary standard to thousands of brokers and advisers providing investment advice to clients on retirement accounts – but details on enforcement were still forthcoming.