The Retirement Fairness for Charities and Educational Institutions Act of 2025 is the latest attempt to pass CIT legislation, however, this time the Investment Company Institute and the Insured Retirement Institute are getting behind the effort.
In this episode, we explore the pivotal role of long-term care insurance in securing financial stability and peace of mind amidst rising health care costs and an aging population.
A shift away from the status quo can be scary, but with pharmacy costs and health care spending nearing unsustainable levels and all-time highs and great scrutiny of the fiduciary obligations of plan sponsors, the stakes are too high to hope for better communication, collaboration, and results from traditional PBMs.
Employees are now largely left to their own devices to figure out the benefits enrollment process. This “passive enrollment” trend is mired in a mix of clunky technology, poor communication, less effective call center interactions, and, with on-cycle enrollments, lower visibility for voluntary benefits.
A group of 17 Republican state attorneys general are demanding answers from top asset managers, who they say are misleading investors and retirement plan fiduciaries by omitting “essential disclosures for funds that include Chinese investments,” according to the AG letter.