Healthcare

As health evaluations move further center stage – be it via celebrities pushing for cancer screenings or companies including health assessments in wellness programs – it is becoming clear that to take full advantage of the health opportunities available, employees need to know as much as possible about their current health status.

Voluntary business is a well-known tool for brokers to increase their revenue while offering new products. But many employers are hesitant to add these products because of additional administrative burdens they can require. Enter the private health care exchange, says Carlos Ferrera, COO of Solstice Benefits and the Solstice Marketplace. With an exchange, the burden is gone, he says.

The decrease in compensation is negligible since the medical loss ratio took effect, study finds, but other industry organizations disagree.

Defined contribution plans have become one of the fastest-growing segments of the retirement industry, representing $7 trillion of the $24 trillion in retirement system assets in 2014, and while private companies have been at the forefront of the change, but government entities are following suit, which means DC plans will become even more important in the years ahead.

Commentary: It’s harder for women to get ahead in business, thanks to pay inequality and other factors, says ACI Specialty Benefits’ Erin Krehbiel. But, they can do something about it.

You may have noticed that there's a new trend sweeping the financial services industry: robo-advisers. These services use algorithms to automate investing, manage individual portfolios and provide financial guidance.

Lawmakers are pushing through several pieces of legislation that encourage better health information technology, especially interoperability, which will help reduce medical errors.

UnitedHealth Group’s $12.8 billion purchase of pharmacy benefit manager Catamaran Corp. continues a trend of PBM acquisitions, and there’s more to come, industry consultants say. In the long term, that may mean lower costs and more data availability for employers.

Commentary: Three reasons Individual contracts are incompatible with ERISA plans and how to handle it, according to The Principal’s Aaron Friedman.

Commentary: While these FMLA changes don’t require any immediate action or changes to employers’ benefit plans, they could serve as a catalyst for federal officials and agencies to further extend their reach into benefits programs, says Sam Fleet.