Healthcare plans

With responsibility comes opportunity . . . when we take on more responsibility for the way we live our lives and the health care choices we make, we earn opportunities for a better life. How? Choose to live a healthy lifestyle. Eat righ, check out Dr. Gundry on Google for some good advice. Get enough sleep, always easier said than done, but so worth the effort. Workout, find a cardio routine that you enjoy and do…

The culmination of years of consolidation among health insurers is restricting competition in four out of five metropolitan areas in the United States, new analysis from the American Medical Association finds.

Budget woes are hitting public sector employers hard — and the effects are going to be felt in their employee benefits programs, reveal recent survey results from Colonial Life & Accident Insurance Company. Eighty percent of HR managers responding to the survey say their organization is looking at ways to reduce the cost of employee benefits plans. In fact, more than half (58%) report controlling costs is the benefits program’s top priority. The ability to retain…

Budget woes are hitting public sector employers hard — and the effects are going to be felt in their employee benefits programs. That's according to a new survey conducted by Colonial Life & Accident Insurance Company with members of the International Public Management Association for Human Resources last month.

Wal-Mart Stores Inc will no longer offer health insurance to new part-time U.S. employees who work fewer than 24 hours a week and will charge workers who use tobacco more for coverage as health care costs rise, the company said on Friday.

As the cost for health insurance continues to rise, the relationship between a benefit professional and a customer looking for affordable health care benefits can become strained. Despite the tough times, Read in today's BeAdvised why a broker who can provide a silver lining will stand out from the competition as a credible, valuable consultant.

WageWorks Inc. is sponsoring a consumer education campaign which provides resources and tips on the advantages and proper uses of pre-tax benefits. Save Smart, Spend Healthy’s focus expands this year to include information on pre-tax dependent care and commuter benefits, in addition to health care flexible spending accounts.

The American Association for Long-Term Care Insurance announced last week that it will publish its third consumer-focused advertorial section, entitled “Fresh Perspectives on Long-Term Care Planning" in the December issue of Kiplinger’s Personal Finance magazine.

Wells Fargo & Co plans to cut costs by moving its workers into insurance plans that encourage them to spend less on health care.

In the midst of a gaping hole in life insurance coverage, Mintel Comperemedia, a research and consulting agency that specializes in direct marketing, released statistics regarding the life insurance sector’s marketing targets and finds that carriers are drifting further and further away from the bull’s-eye.

I couldn't believe my eyes. I stood a mere three feet away from the mentalist Alain Nu, who lightly pinched the handle of the heavy, solid spoon between his thumb and fingertip. As I watched in amazement, the curved handle of the spoon . . . slowly began to . . . bend! . . . and it continued to bend . . . without Nu touching it.

Most advisers know the basics of FMLA. The Family and Medical Leave Act is the federal law that requires employers to provide employees with a job-protected, unpaid leave of absence from work for a variety of family reasons, including military leave or their own medical-related needs. FMLA strictly regulates the process that employers must follow to comply with the law.

Cost-shifting to employees, consolidating plan choices, emphasizing account-based plans and requiring employees to do more to receive incentives are key themes outlined in the 2011 Towers Watson Health Care Trend Survey.

Do you have a personal physician? How did you choose your doctor?

I always have had an ear for conspiracy theories. I still watch Oliver Stone's "JFK" almost religiously and freeze frame during the shooting incident. But when it comes to the health care exchanges created by the Patient Protection and Affordable Care Act, even I cannot start to consider a deep-seated conspiracy. The more I look at it, the more obvious the answer becomes: It's simple economics, that greatest leveler of them all.

Americans are divided on their outlook for the economy, a Harris poll of 2,464 adults earlier this month found. Twenty-one percent expect the economy will improve, 45% think it will stay the same, and 34% fear it will get worse.

Amidst all the talk of health benefit costs skyrocketing, there may be good news on the horizon. Early responses to a Mercer survey still in the field suggest that the average growth in health benefit cost will slow to 5.4% in 2012, the smallest increase since 1997. Still, cost growth remains well above both general inflation and growth in workers’ earnings.

The Kansas City Collaborative (KC2), a three-year long value based benefit project, succeeded in helping the 15 participating employers share best practices for overcoming health care challenges. Nine of these companies reported that they have saved almost $11 million in direct health care costs by implementing a value-based benefits initiative.

Financial planners can prove their worth if they find ways to lessen the chance that their clients will not outlive their retirement funds. David Blanchett, director of consulting and investment research for the Retirement Plan consulting Group of Unified Trust in Lexington, Ky., last week detailed how planners can implement sustainable withdrawal strategies so that retirement income works for their clients.

The U.S. Department of Labor on Monday withdrew a controversial proposal to subject financial professionals to a higher standard of care when advising companies on their retirement plans, bowing to pressure from securities industry groups and lawmakers.