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
TIAA Faces New Managed Account Rollover Complaint Months After Settling SEC Charges

A new lawsuit suggests the individual advisory program TIAA clients were rolled into was significantly more expensive and generated hundreds of millions of dollars in fees for TIAA—without providing commensurate performance benefits.

DOL Announces Anticipated ESG Fiduciary Investing Rule

Agency leaders say the principal idea of the new proposal is that climate change and other ESG factors can be financially material and, when they are, considering them will inevitably lead to better long-term risk-adjusted returns.

Social Security Benefits Will Grow 5.9% in 2022 Amid Renewed Inflation Concerns

The important federal benefit increases when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers, or the ‘CPI-W.’

Retirement Industry People Moves

Impax appoints Ed Farrington as head of distribution for North America; Prudential forms new Prudential Retirement Strategies business; Northern Trust appoints Gary Paulin as head of global strategic solutions; and more.

Calmer Summer Yields to Volatile Fall for U.S. Investors

Individual and institutional investors were feeling better about market risks before getting a Delta-driven reality check.

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