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    Search 97,805 News Items Curated by BenefitsLink ®

    28 Matching News Items

    1. 
    Baby Boomers Are Not All Onboard with the 'Modern' Notion of a 'Work-Free Retirement'
    MSN News Link to more items from this source
    May 3, 2024
    "[I]ncreasingly, baby boomers have worked out their own approach to retirement ... they're either working because they have to, they actually want to, or a mixture of both.... [O]lder workers are more likely to be self-employed, allowing them plenty of freedom to manage their own flexible work schedule -- as well as providing mental stimulation and a sense of purpose.... [A] 2016 study ... found a direct correlation between working past retirement age and a longer life expectancy."
    2. 
    Companies Cap Health Plan Payments for Weight Loss Drugs
    MSN News Link to more items from this source
    Apr. 21, 2024
    "Companies that rushed to cover employees weight loss drugs are cutting back their allowances or withdrawing funding entirely. Some companies, such as the Mayo Clinic, are implementing a $20,000 cap on spending per employee. The changes have left some overweight employees using their retirement savings to maintain access to drugs such as Ozempic."
    3. 
    Weight Loss Drug Coverage Ends for North Carolina State Employees
    MSN News Link to more items from this source
    Apr. 2, 2024
    "State officials are continuing to negotiate with makers of weight-loss drugs in an effort to reach a better financial deal that would allow coverage of the drugs through the State Health Plan ... The State Health Plan stopped covering weight loss drugs such as Wegovy and Zepbound on [April 1]."
    4. 
    Billionaire Calls Retirement Age of 65 'Crazy': Here Are Reasons He's Right
    MSN News Link to more items from this source
    Mar. 29, 2024
    "The billionaire investment advisor warned that the country is headed for a 'retirement crisis,' and that one way to avoid it is to convince more people to delay retirement beyond 65 years old.... [1] Longer lifespans mean longer retirements for many Americans.... [2] Social Security is heading into uncharted territory.... [3] Employer-sponsored retirement plans will grow."
    5. 
    North Carolina State Health Plan Votes to End All Coverage for Wegovy and Other Weight-Loss Drugs
    MSN News Link to more items from this source
    Jan. 25, 2024
    "The North Carolina State Health Plan will phase out coverage of existing prescriptions for popular weight-loss drugs, including Wegovy, as of Apr. 1, 2024.... The state health plan covered 5,000 prescriptions for the drugs at the beginning of 2023. By the end of the year, that number had quintupled, and ... the exponential growth in usage was predicted to continue in 2024[.]"
    6. 
    Employers Are Struggling to Figure Out If They're Overpaying for Health Care
    MSN News Link to more items from this source
    Jan. 18, 2024
    "Employers are facing stronger legal requirements to ensure they aren't wasting their workers' money on overpriced health insurance, at the growing risk of financial consequences. But employers say secrecy around negotiated health care prices too often prevents them from accessing data that would help them figure out if they're getting a good deal."
    7. 
    District Court Finds Morgan Stanley's Deferred Compensation Program for Advisors Is Subject to ERISA
    MSN News Link to more items from this source
    Jan. 8, 2024
    "[A] federal judge granted Morgan Stanley's request to force a group of former Morgan Stanley advisors suing the company over deferred compensation to take their claims to private arbitration. However, in that same order, the judge found that Morgan Stanley's deferred compensation programs are governed by ERISA ... Morgan Stanley [has asked] the judge to reconsider his ruling." [Shafer v. Morgan Stanley, No. 20-11047 (S.D.N.Y. Nov. 21, 2023)]
    8. 
    Employee Well-Being at 12-Year Low: Mental Health Emerges as Top Concern
    MSN News Link to more items from this source
    Dec. 28, 2023
    "50% of employees say access to behavioral or mental health services for themselves and their families would be highly valuable. Only 39% report that their organization offers adequate mental health support. This lack of support is especially concerning considering the projected decline in Americans' mental health: 6 in 10 college students have a mental health diagnosis, suggesting future generations will need even greater support."
    9. 
    The Job Benefit American Workers Want Even More Than a 401(k) Retirement Match
    MSN News Link to more items from this source
    Dec. 21, 2023
    "Just over half (51%) of workers say fully paid health insurance premiums top the list of benefits they want from employers ... [F]ew companies offer this job perk, and the number has been declining in recent years ... Gen Z workers ages 18-24 value free food just as much as fully-paid health-care premiums."
    10. 
    Cryptocurrencies in 401(k) Plans: A Guide for Plan Administrators
    MSN News Link to more items from this source
    Dec. 15, 2023
    "The [DOL's] advice to 401(k) fiduciaries about approaching crypto with 'extreme care' is something that plan administrators should take to heart. Fortunately, there are a few things that administrators can do to limit risk and ensure that their plan remains compliant with all relevant rules and regulations."
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