Wellness

Generations X and Y prefer an adviser to give retirement information face-to-face rather than searching online, survey finds.

In human resources and insurance circles, we’ve been talking about wellness for quite some time. And most employers have dived in and now offer a wellness program. So, how are these wellness programs performing? Too often, the answer is “not well.”

Employers are bracing for double-digit pharmacy cost increases in the next year, but advisers can help them to take steps now to mitigate those cost increases for both their active and pre-retiree populations.

Commentary: Employees can make the transition to high-deductible health plans and be successful when provided some key education and support from the financial services marketplace.

If I had a dollar for every time an industry professional reacted to my choice of college major with, “Risk Management and Insurance?  I didn’t know you could major in that,” I would be a rich man. From what I see, many people who make up the industry did not set out with the intention of working in insurance or employee benefits. So why would a young professional just entering the job market choose employee…

Commentary: Despite all the media coverage of the Affordable Care Act, there is still a fair amount of confusion and misunderstanding about the law, even among employees whose job it is to administer benefits.

While debate continues about the long-term effects of the Affordable Care Act, many employers report minimal changes in their health care premiums as a result.

When prompted with direct financial incentives, including contributions to their HSAs, employees tend to show much stronger involvement in workplace wellness offerings.

The Equal Employment Opportunity Commission released a proposed rule today on wellness programs, removing what at least one business group calls a “big cloud” that has been hovering over employers as they struggle to ensure their wellness incentive programs don’t run afoul of the EEOC.

Ownership of life insurance has been on a steady decline, and the reason many experts point to are other more pressing financial priorities — particularly with retirement income becoming such a hot priority.