Wednesday, October 21, 2015

7 Ways Your Health Care And Retirement Benefits May Change In 2016


1.    Higher costs for insurance - Even as the pace of increases in the cost of health care has eased, prices continue to rise

2.    Narrower health networks - Companies look for ways to reduce healthcare costs, they’re increasingly narrowing the networks of providers with whom they offer preferred rates

3.    Wellness programs with more strings attached - For at least a decade now, employers have been turning to preventative programs as a means to keep employees healthy

4.    Telemedicine services - A few years ago, employers began offering on-site clinics to give workers cheap, easy access to healthcare for minor afflictions

5.    Automatic 401(k) features - Most companies now use auto-enrollment to get all workers at least a little bit invested into their 401(k) plans

6.    A focus on student loans - PwC made headlines earlier this year for a new benefit under which it promised to pay up to $1,200 a year toward its employees’ student loans

7.    Help with financial planning - Student loans aren’t the only personal finance area in which companies are offering new benefits

Source: The Fiscal Times

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