The Senate's Special Committee on Aging listened to rigorous testimony last week, weighing the suitability of lifetime income products within defined contribution retirement plans like 401(k)s.
The Obama administration contends most of the 133 million Americans with employer-sponsored health insurance through large employers will be able to keep the coverage they have today.
Under the new health care reform law, grandfathered health plans will be able to make routine changes to their policies and maintain their status. There are however specific changes that would cause these plans to lose their grandfathered status.
The survey conducted by Harris Interactive on behalf of Unum showed in 2008, 39 percent of workers gave their benefits education positive ratings. In 2009, that number dropped to 29 percent.
Without this federal assistance, Families USA reports health insurance premiums will skyrocket to an average of $1,107 a month for unemployed families.
HHS Secretary Kathleen Sebelius announced this week that $51 million in grant money through the Affordable Care Act is now available to states to strengthen oversight of insurance premiums and rate hikes.
Hewitt's survey of more than 500 large U.S. employers, representing 6.9 million covered employees, shows approximately 950,000 workers will be able to obtain health coverage for these dependents earlier than Jan. 1, 2011.
New analysis from the Employee Benefit Research Institute shows the $5 billion allocated for a temporary reinsurance program for early retiree health benefits will likely run out two years before the program's 2014 end date.
A recent survey finds more employers are asking workers to bear a greater share of the cost for their employer-sponsored benefits to help mitigate the effects of a down economy.