Regulatory changes and tax savings opportunities make these retirement vehicles particularly well-suited to small companies like law firms and medical practices.
Workers are becoming better medical consumers, but could still use help from employers when it comes to understanding some of the finer details, NBGH says.
The typical COBRA beneficiary costs employers far more in claims expenses than an employee’s cost of coverage. Andrea Riggs, Director, Communications and Partner Marketing, GetInsured, discusses the cost savings and other advantages of public exchanges for both employers and employees.
Plan sponsors should inquire about their adviser’s compensation, professional credentials and educational background, says retirement expert Robert Lawton.
Many participants are hesitant to exercise the benefit for fear of making a mistake. Here’s how plan sponsors can alleviate these fears and encourage engagement.
Companies should build a culture of tolerance, educate employees so they can challenge misconceptions and offer benefits that make seeking care convenient and private.
The impact of accelerating change is real – every organization is under intense pressure to control costs while building and equipping an agile workforce.
