The majority of pre-retirees said inflation poses the greatest immediate challenge to their portfolio over the next year, while a recession is also a factor that poses immediate challenges, according to the Nationwide Retirement Institute.
The lawsuit was brought by a former Twitter employee who oversaw the company's employee benefits program on behalf of thousands of employees who were laid off after Elon Musk acquired the company in 2019.
The Consumer Financial Protection Bureau, the Department of Health and Human Services and the Treasury Department are seeking patient input to bolster efforts to safeguard consumers from medical debt and collections.
Medicare is planning to send lump-sum payments to more than 1,600 hospitals that participate in a drug discount program after the Supreme Court found the pay cuts to be unlawful in June.
On Friday, President Biden announced proposed rules to limit short-term insurance plans, prevent surprise medical bills and reduce medical debt tied to credit cards.
Following lawsuits filed by Merck, Bristol Myers Squibb, PhRMA and the US Chamber of Commerce challenging the drug price negotiation plan, the CMS revised its guidance, allowing drug companies to publicly discuss the talks.
The benefits industry is scrambling to adapt to a rapidly shifting regulatory and economic environment while also looking ahead to an uncertain future.
The takeaway message for employers: Wellness incentive program payments will not receive favorable tax treatment if they are not related to health care expenses, the IRS announced in a new guidance memorandum.