A 65-year-old couple retiring today can expect to pay $400,000 in health care expenses.
Tag: Health care
The health care cost inflation projections contained in HealthView Services’ latest reporting are simply astounding; accounting for projected lifetime inflation, a healthy retired couple at 65 can expect $600,000 in health-related expenses alone.
A significant number of workers underestimates what they are likely to pay for health care in retirement and many are unaware of Social Security basics, a new survey finds.
Cetera Expands Retirement Business; Mercer Expands Leadership in Detroit Office; OneAmerica Names West Coast Relationship Executive.
Seventeen percent of respondents to a survey by Paychex said they did not see the need to offer retirement benefits to their employees.
One common mistake plan sponsors make is representing the HSA as part of their employee welfare benefit plan.
"Employers may want to reevaluate the allocation of benefit dollars to better respond to employees’ needs and concerns,” says Alexa Nerdrum with Willis Towers Watson.
Owners of health savings accounts (HSAs) are primarily using them for immediate needs, EBRI finds.
HealthSavings Administrators, which created the guide with the help of an attorney, says its emphasis is on helping employees understand the value of HSAs as part of a comprehensive retirement planning strategy.
An increased interest among employees for a full suite of health and financial wellness benefits is sparking employers’ interest.
Some members of leadership in Congress have pledged to leave retirement plans alone, one speaker noted, but it remains to be seen how that will actually play out.
The results of analysis shows there is room for improvement for HSAs, both as investing vehicles and spending vehicles.
The service will be offered to certain annuity customers.
Health savings account holders with a DC employer match contributed $1,054 more to their HSAs in 2016 than those with no DC employer match, according to data shared by Fidelity.
The DOL fiduciary rule expansion establishes ERISA fair dealing requirements in the sale and service of health savings accounts; employers have a lot of questions about what this means.
Since the new Congress began in January, there have been more than 20 bills proposed that impact consumer-driven health plans, and more specifically HSAs.
Achieving retirement aspirations requires more than saving, investing and planning, it also depends on staying in good health, a survey report notes.
Investors understand the value of getting financial advice; 76% of those polled say a financial adviser can help them achieve their financial goals.
They spend a median of two hours a week, or 100 hours a year, taking care of finances while on the job.
HealthEquity’s new services will aim to combine wealth and health management for participants.