Healthcare

Troubles are mounting for a health insurer over loss of several server drives containing enrollee and employee information.

Even after plan design changes, employers can expect their health care costs to increase by 7% in 2011, a sure sign that an aggressive approach to plan design is here to stay, finds research by the National Business Group on Health and Towers Watson.

Benefit professionals have tirelessly lobbied for an end to the so-called use-it-or-lose it rule governing pretax employee contributions to a flexible spending account, which is now the centerpiece of a bipartisan proposal in Congress.

Conventional wisdom holds that a large dental network can deliver appropriate access and cost savings for employers, but MetLife experts contend that other attributes can come into play on adding value to dental plans.

Most Americans still aren't saving anywhere near enough money to afford the dignified retirement they all claim is so important to them. Even worse, most don't have any idea exactly how much they'll need if they were to begin saving today for their golden years.

The barometer is falling when it comes to how well companies are helping employees focus on their retirement income as well as retirement savings. In a new report on Fortune 1000 companies, MetLife’s inaugural Qualified Retirement Plan Barometer assigned a score across all plan types of 59 out of a possible 100. The higher the barometer, the stronger the overall culture of retirement income. While individual scores vary, the companies that offer broad access to defined benefit and defined contribution plans outpace plan sponsors who offer only a DC plan or incidental access to a DB plan as well as a DC plan.

Target-date funds became the leading default investment option for auto-enrolled retirement plans for a reason: The simplicity of an age-appropriate, asset allocation strategy that grew more conservative as plan participants edged closer to retirement age.

Mike Brewer, president of Lockton Benefit Group, urged a U.S. House Committee March 10 to help employers reduce the costs and administrative burdens of the Patient Protection and Affordable Care Act.

Nearly 15 million people in the United States take care of a loved one with Alzheimer's disease or another form of dementia, amounting to 17 billion hours or more than $202 billion in unpaid care, Alzheimer's experts said on Tuesday.

Nearly three quarters of those seeking health insurance in the U.S. individual market in recent years faced roadblocks or were turned down due to prior medical conditions, a report released on Wednesday said.