Sections SEARCH Skip to content Skip to site index Subscribe Log In Subscribe Log In Today’s Paper Advertisement Upshot Supported by The New Health Care It would save money compared with private plans, but would also probably shed features that some might miss. ByAustin Frakt Oct. 15, 2018 Calls for a Medicare for All system are growing louder. Many Democrats have embraced it, while President Trump said last week that it would raise health care costs drastically. Democrats say that giving people the option to partake in Medicare — no matter their age — will actually cut costs. American administrative costs for health care are the highest in the world, and they argue that one advantage of Medicare for All is that it would save money because Medicare's administrative costs are below those of private insurers. Does that argument hold up? Don’t forget about Medicare’s private plans … [Read more...] about Is Medicare for All the Answer to Sky-High Administrative Costs?
Pwc 401k plan administrator
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by ByRobert Pear Oct. 13, 2018 WASHINGTON — Medicare Advantage plans, the popular private-insurance alternative to the traditional Medicare program, have been improperly denying many medical claims to patients and physicians alike, federal investigators say in a new report. The private plans, which now cover more than 20 million people — more than one-third of all Medicare beneficiaries — have an incentive to deny claims “in an attempt to increase their profits,” the report says. The findings, by the inspector general at the Department of Health and Human Services, come as policies in Washington are creating new incentives for older Americans to enroll in Medicare Advantage plans. Some experts predict that the share of Medicare patients in the private plans could … [Read more...] about Medicare Advantage Plans Found to Improperly Deny Many Claims
401(k) plans are the most popular type of retirement savings account for American workers. But they require workers to make important decisions that can have a major impact on how much they'll ultimately have saved by retirement. Here are some findings from the Plan Sponsor Council of America's most recent annual 401(k) study, and what you need to do to increase the odds of having enough money saved by the time you retire. Participation Only 72 percent of workers enroll in their employer's 401(k) plan. If your company offers one, you need to know when it allows you to participate: Join as soon as you're eligible. Also find out how much you need to contribute to receive the maximum matching contribution from your employer. The average employer contribution is about 4.6 percent of pay, up from 2.9 percent in 2007. Just more than 40 percent of plans make contributions in the form of a matching formula. The most common matching rate is 50 cents on the dollar up to a stated percentage of … [Read more...] about How to make the most of your 401(k) plan
Jessica Crowley used to dwell on an unpleasant thought. When her children began college, she'd still be repaying her own student loans. But a few months ago, the company where she works announced a new benefit: student loan assistance. Now, New York Air Brake, which makes train control systems, pays Crowley $166 a month toward her student loan balance, which means she'll be debt-free sooner than she thought. "It's going to shorten my loan life by a couple of years," Crowley, 30, said. "It's going to be a big difference." PepsiCo to Buy SodaStream for $3.2 Billion Student loan assistance, which started as a niche offering by a handful of companies, is finding its way into the mainstream menu of workplace benefits. "This is certainly emerging as a new and very important benefit," said David Pratt, a professor at Albany Law School who studies employee benefits. This year, Fidelity began to offer businesses a way to contribute to their workers' … [Read more...] about Student Loan Assistance May Become as Popular as 401(k) Plans
The Trump administration took another whack at the Affordable Care Act on Wednesday.Officials unveiled a final rule that will make it easier to obtain coverage through short-term health insurance plans, which don't have to adhere to the law's consumer protections.The move would reverse an Obama administration decision to limit the duration of short-term plans to no more than 90 days in order to make them less attractive. Insurers will soon be allowed to sell these policies for just under a year. They can be renewed for up to 36 months, though that renewal isn't guaranteed. Administration officials say the short-term plans will provide a cheaper health insurance alternative for those who can't afford to buy coverage on the Obamacare exchanges."We fully recognize that these products are not necessarily for everyone, but we do think they will provide an affordable option to many, many people who've been priced out of the current market under the Obamacare regulations," said Randy Pate, a … [Read more...] about Trump administration makes it easier to buy alternative to Obamacare