Nick Otto is a former senior editor of Employee Benefit News and Employee Benefit Adviser.
More From Employee Benefit News
Americans worry living longer could put retirement savings at risk
Americans are embracing the prospect of higher life expectancies but worry about the financial tradeoffs, including healthcare costs, retirement income, and outliving their savings.
Benefits Think When star employees are squeezed from both sides
Flexible benefits and a caring culture that recognize the double squeeze of child care and eldercare responsibilities on a culture will help retain sandwich-generation talent.
Employers need to rethink access to mental health and recovery care
Organizations are seeing more demand for mental health and substance use services. New approaches aim to make care easier to access before employees reach a crisis.
Helping employees select the right healthcare during open enrollment
Employers should educate staff on the nuances of every coverage option, advises Benefitbay CEO, ranging from coinsurance to coverage tiers, networks, “incumbent bias,” and more.
Retirement income is the next challenge for employers
Workers estimate they’ll need over $5K in monthly retirement income, but many have no clear strategy for turning savings and investments into a steady paycheck.