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Workers not seeing the bigger health care picture

From Employee Benefit News

New research indicates that the majority of American workers don’t understand key health insurance terms, which could cause them to make poor plan selections and severely underestimate the cost of health care in retirement.

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Employees want advice customized by life stage

From Employee Benefit News

Employees are interested in receiving information regarding which kinds of benefits to select during open enrollment if the information is geared toward their life stage, according to a new survey from MetLife.

About 59% of workers would like their employer to suggest benefits that would be appropriate for someone in their life stage, while 22% say specific, tailored instructions would improve their open enrollment experience. Younger singles (42%) are the least likely group to say their benefits meet their life stage needs; new families (57%) are the most likely.

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Painting your own parachute

From Employee Benefit News

Do you want to retire or "rewire"? That's the question John Nelson poses in his new book, "What Color Is Your Parachute? For Retirement" (Ten Speed Press), co-authored with Richard Bolles. Nelson, who left his career as a pension consultant to pursue a Ph.D. at the University of Wisconsin, pioneered the "Retirement Well-Being Model," which is being used by the federal government and AARP to help employees plan for retirement. Based on that model, "Parachute for Retirement" is filled with exercises and resources on such matters making lasting friendships, evaluating medical treatment plans and finding the ideal place to settle down.

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Portrait of the uninsured: What are the key determinants in having health insurance?

From Employee Benefit News

At least 46.4 million Americans under the age of 65 lacked health insurance last year. That’s 17.9% of the total population, according to a new report from the Employee Benefit Research Institute.

While these numbers certainly point to a significant portion of the population, Paul Fronstin, director of the health, research and education program at EBRI, calls the numbers “not as scary as some are making them out to be.”

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