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President Barack Obama this week asked the Department of Labor to propose a set of rules by the end of the year that would provide a clear path forward for states to create retirement savings programs.
During the White House Conference on Aging, Obama said that even while the country continues to make strides in offering health care to more individuals, many older workers leave the workforce without having saved enough for a dignified retirement.
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Reducing healthcare benefits can provide immediate savings, but it could also stunt retention and recruiting efforts.
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.
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.
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.
Jose Conde has been working with specialty care support platform Lantern for over a year, receiving aid with everything from oncology specialist connections to claims to empathetic support.
