Under automatic enrollment, employees who don't respond to participation notices are enrolled automatically in a plan unless they notify their employers that they want to opt out.Read More
One factor boosting employees' confidence level is the growth in many employees' 401(k) account balances, according to the study.Read More
Portalatin, 52, is an AIG senior vice president and president and CEO of AIG unit Chartis Growth Economies, with responsibility for operations in the Asia/Pacific, South Asia, Latin America, Africa, the Middle East and Central Europe regions.Read More
The Mountain View, Calif.-based search engine and technology giant wants to use Imi Assurance Inc. to reinsure life, accidental death and dismemberment, and long-term disability policies written by Prudential Insurance Co. of America.Imi was licensed by Hawaii regulators in December 2010 and is authorized to write property and casualty coverage.Read More
In 2010, total U.S. health care spending hit $2.593 trillion, or $8,402 per person. While a record, expenditures rose only 3.9 percent in 2010, up slightly from a 3.8 percent increase in 2009, according to statistics compiled by researchers at the Centers for Medicare & Medicaid Services.Read More
The U.S. Census Bureau reported in September that at 5 percent—averaged over 2009 and 2010—Massachusetts had the lowest uninsured rate of any U.S. state.
The latest information makes clear that employers can—but are not required to—report contributions to health reimbursement arrangements in calculating health care costs.Read More
In the aggregate, the plans' funding deficit hit $484 billion as of Dec. 31, 2011, up from $315 billion a year earlier and $229 billion as of Dec. 31, 2009.
Last year, 35 percent of women age 18 through 64 had coverage through their employer, down from 38 percent in 2008, the Kaiser Family Foundation analysis released Dec. 19 found.Read More