Employer Strategies

Sixty-nine percent of employers tells the IFEBP that they definitely plan to provide employer-sponsored health care when exchanges begin in 2014; in 2012, only 46% of companies were willing to commit to that.

Property and casualty insurers are voicing concerns that longstanding tax exemptions for municipal bonds could be disrupted as part of a broader U.S. tax-code changes being considered by Congress.

The court observed that a person is a fiduciary only “to the extent” it exercises authority or control over plan assets in a case involving a small prosthetic limbs manufacturer and American United Life.

The U.S. Department of Labor’s Employee Benefits Security Administration has issued new guidance on the Affordable Care Act requirement that employers provide employees with a notice of their health insurance coverage options available through the future health insurance exchanges.

The California Bankers Association recently announced a long-term care benefit for employees of member banks throughout the state. The initiative is one of the first of its kind for any large U.S. association, and could be a bellwether for the financial field and beyond.

A 65-year-old couple exiting the workforce in 2013 is estimated to need $220,000 to cover health care costs throughout their retirement, an 8% decrease from last year’s $240,000.

With 15 U.S. states opting out of President Barack Obama’s Medicaid expansion, hospitals that treat poor and uninsured patients are asking the government to delay $64 billion in planned funding cuts.

Recent data released by consulting firm PricewaterhouseCoopers looks at how employers were impacted by the health law that took effect in Massachusetts seven years ago. While it’s no true indicator of what will happen in the future, it could nod to some overall trends.

Three of WellPoint Inc.’s 11 board members have stepped down, citing personal reasons for their decision to depart about six weeks after a new chief executive officer took over at the second-largest U.S. health insurer.

On average, employees with both 401(k)s and health savings accounts tend to save more of their annual salaries (8.5% average annual deferral rate) in their DC accounts than employees with just a DC plan (8.1%).