Shortly after the Biden Administration made a push for mental health care parity comes a report from the New York Attorney General that health insurers are failing to provide access to mental health care to consumers.
Despite consistent contribution levels, many participants have been increasingly tapping their retirement savings - and avoiding foreclosure and paying medical expenses were given as the top two reasons, says Fidelity.
The new legislation provides small employers with increased tax credits for new
plans and offers reductions on both start-up costs and administrative burdens, yet 2 in 3 small businesses don't offer 401(k)s, says a new survey.
Since Pres. Biden proposed rules to reinforce the Mental Health Parity law in July, there's been mixed reaction to the rules, however, employer groups and insurers point out one glaring issue – a shortage of mental health providers.
While the self-insured approach has been considered a less-expensive alternative to fully insured plans, it turns out self-insured employers wind up paying more for colonoscopies, endoscopies and ER visits, says a new report.
IBM's recent announcement to switch to a "hybrid" model of defined benefit plan could make the case to bring back a version of the classic retirement benefit, which could be a powerful tool for retention in a tight labor market.
The ERISA Industry Committee, which represents the largest employers in the U.S., is calling on Congress to re-examine the premiums paid by companies that sponsor DB plans after recent federal pension bailouts.