“There’s a large gray cloud hanging over Medicaid expansion right now, and that’s because there’s so much uncertainty about what the Trump administration and congressional Republicans are going to do.”
Improving retirement security in America has been one of the things that has had wide bipartisan support recently, and now Republican control of the Presidency, House, and Senate could make passing retirement legislation easier, says retirement industry insider David Blanchett.
For employees, portable plans mean they own their retirement savings from day one, eliminating the need for complex rollovers when changing jobs. For employers, these plans remove the administrative burden and high costs.
The new retirement bill, aimed at expanding retirement coverage for workers not covered by an employer plan, would likely lead to worse retirement outcomes for most Gen Z and millennial workers, according to the Morningstar Center for Retirement's new research.
Almost half (47%) of small- to mid-size firms and startups – that have not previously offered a retirement plan – opted for a PEP because of the cost and administrative responsibilities, according to Transamerica's new survey.
Providers of ancillary benefits and services need to learn how to serve cash-for-coverage plan enrollees, according to David Millar, head of ICHRA product at Gravie.