PLANADVISER Weekend Newsdash
Week ending July 27th, 2018

Happy Friday, readers! This weekend’s newsletter notes the passage in the House of Representatives of two bills that would, according to sponsors, reduce employer costs for health benefits coverage and expand the use of health savings accounts. One expert tells PLANADVISER budget pressures have put limits on some reforms and the Senate outlook this year is “dim,” but the proposed changes do indicate the direction that many Republicans and more than a few Democrats would like to take. Below, you will find comprehensive coverage of the House legislation, as well as helpful contextualizing stories and research on the topic of health care costs and HSAs.

Health Savings Accounts
Will the More Evenly Divided Senate Tackle HSAs This Year?
“Although budget pressures have put limits on some reforms and the Senate outlook this year is dim, the proposed changes indicate the direction that many Republicans and more than a few Democrats would like to take,” writes Tracy Watts, Mercer’s leader on health care reform.    Read more >
Helping Employers Sort HSA Facts from Fictions
The health care plan and the health savings account are not the same thing; while the employer has some administrative responsibilities, the HSA belongs wholly to the employee and is portable. Read more >
HSA Opportunities Abound
Assets topped an estimated $45 billion at the close of last year. Read more >
HSA Myths and Misconceptions
An interview with Steve Christenson, EVP at Ascensus. Read more >
SEC Lays Out Valuable Features of HSAs
Although an SEC bulletin is directed at employees invested in HSAs, its description of useful HSA features depending on how investors use HSAs can be informative to plan sponsor clients. Read more >
Concerns About Retirement Health Care Costs Increasing Interest in HSAs
However, only 8% of respondent to a ConnectYourCare survey are seeking advice about how much to contribute to a tax-advantaged health savings account. Read more >
MOST POPULAR STORIES
Many Retirees Spending More Than They Expected

However, retirees spend 32% less than non-retirees.

Butch Lewis Act Said to Fail to Address Multiemployer Pension Deficits

The Pension Analytics Group says the act would only temporarily mask the deficits, as opposed to reducing them and that the only solution is to reduce benefits across the board.

First Deadline Looming for SEC Electronic Disclosure Compliance

When the SEC adopted the new Rule 30e-3 earlier this year, creating a new system for electronic delivery of fund information, it also established a transition disclosure period that starts in January, during which "funds that choose to implement the new delivery method for shareholder reports provide prominent disclosures in prospectuses and certain other shareholder documents that will notify investors of the upcoming change in transmission format.”

2019 Planning for DC Plan Clients

Willis Towers Watson offers nine actions for DC plan advisers to help their clients mitigate risks in 2019.

Bristol-Myers Squibb to Terminate $3.8 Billion Pension

It will offer lump sums to participants and transfer the remaining money to a group annuity contract from Athene Annuity and Life.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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