Benefits

Using claims data to compare fully insured and self-insured benefits, and seeing the flexibility self-insuring provides can help employers overcome their fears about it.

Employees want employers to educate them throughout the year and offer tools to help them allocate their money among benefits, Voya found.

Interest has also increased in enhancing workplace giving and volunteer programs, student loan debt help and health care advocacy.

A bill passed by state lawmakers would direct the state’s 529 plan board to set up and administer VirginiaSaves.

More employers are also likely to offer automatic emergency savings, a Millennium Trust executive says.

It is expected that employers are now more likely to implement the tax-free payments toward employees' student loans.

There are specific metrics that can be measured via data and employee and employer surveys.

Considering the need for effective health care in 2020 due to COVID-19, health savings accounts took on new value.

It’s uncertain what will happen with costs going forward, however.

Interrupted careers, greater longevity and other factors call for unique help for women in employer financial wellness programs, a paper from the Retirement Advisor Council suggests.

The effect of the COVID-19 pandemic on employees creates a need for more flexible leave and PTO policies, caregiving support, and health and well-being benefits, according to Mercer...

Employers can steer employees to help when they have to restart student loan debt repayments, and there is hope that more government help is on the horizon.

With a new president coming into the White House in 2021, experts are banking on new plans for financial education in the future.

This new benefit option allows employers to keep their costs fixed by giving employees the opportunity to manage their own health care benefit choices, says Willis Towers Watson.

Plan sponsors should not forget the needs of older workers when offering financial wellness and emergency savings help.

Panelists said encouraging better financial wellness can go a long way to helping workers manage their student loans.

Experts say it is important to encourage health savings account holders to invest their money, as doing so increases their balances four-fold.

It is no small challenge to wrap one’s head around the current regulatory framework surrounding health savings accounts.