Just like gardeners have to test out land to find the best results for plants, firms must adjust employee contributions in plan design to grow savings.
Companies have consistently rejected the idea of terminating their health plans and sending employees to buy their own coverage, but attitudes may be shifting.
It will be months until some of the president’s proposals, such as expanded use of HRAs, could be implemented, but brokers should educate clients now, adviser Mark Johnson says.
The two should have set meetings to discuss outstanding issues, strategy and improvements to the retirement plan, explains defined contribution consultant Rhonda Berg.
States regulators and health insurers are rushing to react to the latest move by the Trump administration to dismantle parts of the Affordable Care Act.
