Congress takes up retirement disclosure proposal

Image result for retirement photos

Congress has begun work on the Lifetime Income Disclosure Act, a bipartisan measure that requires workplace retirement plans to give participants estimates of what retirement income their account balances would produce through an annuity.

PlanSponsor.com (4/7)

Commentary: Critical-illness insurance can protect savings

A critical-illness insurance policy can help “bridge the gap” in health coverage, writes Rod Rishel of AIG Consumer Insurance. Such policies offer a lump-sum payment that can help guard retirement savings and also provide continuity for small businesses, Rishel writes.

ThinkAdvisor (free registration) (3/28)

Survey: Young workers like automatic features in retirement plans

Millennials younger than 30 are supporters of 401(k)-plan features that take effect automatically, a survey by J.P. Morgan Asset Management found. They approve of target-date funds and other qualified default investment alternatives, as well as features that automatically enroll workers in defined-contribution plans and automatically increase contributions.

PlanAdviser.com (3/29)

Survey: Parents are biggest influence on kids’ financial habits

A T. Rowe Price survey finds that children’s financial habits are formed before high school and that parents’ financial dealings are the main influence. Parents who let children manage money and discuss finances offer real-life grounding, the survey shows, while parents who have trouble financially tend to pass that on to the next generation.

ThinkAdvisor (free registration) (3/24)

Insurance Sector Deal Making Shifting Into High Gear

Expect 2017 to be a year of deal making in the insurance industry, according to a report by KPMG International, with 84 percent of insurance companies surveyed planning to make between one and three acquisitions in 2017, while 94 percent plan at least one divestiture.  Two-thirds of insurers said they expect to undertake a cross-border acquisition this year.

According to the report, “The New deal: Driving Insurance Transformation With Strategy-Aligned M&A,” 33 percent of insurers say transforming their business model will be the primary driver of acquisitions in 2017, with an equal percentage citing enhancing their existing operating model and transforming their operating model as the motivators for deal activity.

“Insurers are clearly hungry for good M&A opportunities,” said Ram Menon, global lead partner at the Insurance Deal Advisory with KPMG in the United States. “They are focused on transforming their business and operating models, and even with geopolitical uncertainties, they are aggressively looking at deals that can help meet their objectives.”

Study explores link between financial, physical wellness participation

Researchers report in Psychological Science that employees who contribute to a 401(k) are more likely to see improvements in blood test abnormalities and embrace healthy behaviors than those who do not contribute to retirement accounts. The findings suggest attitudes about the future and whether they have the power to change it may play a role in retirement plan participation as well as engagement in wellness programs.

BenefitsPro.com (3/19)

Commentary: Long-term care needs to be part of health care overhaul

Any effort to reform and replace the Affordable Care Act should include provisions to address long-term care, write Everette James, Walid Gellad and Meredith Hughes of the University of Pittsburgh. Efforts to enhance long-term care should include strategies that bolster the LTC insurance market and changes to how Medicaid and Medicare cover LTC, according to James, Gellad and Hughes.

Health Affairs Blog (3/16)

Study: Part D has steadily cut elderly mortality rate

The mortality rate among elderly people has decreased by 2.2% each year since 2006 due in part to Medicare prescription drug coverage, researchers at the University of Illinois at Urbana-Champaign reported in the Journal of Health Economics.

United Press International (3/9)

Survey finds retirement worries

Eight out of 10 Americans don’t know how much cash they’ll need for a comfortable retirement, and just 27% of those 50 or older feel financially ready to pay for a decade of retirement, according to research firm Age Wave. The survey found that 75% of respondents would consider buying an “annuity-type” product with a lifetime income guarantee to be certain of a financially secure retirement, and 79% would be willing to work with a financial adviser to improve their retirement outlook.

Investor’s Business Daily (3/6)

Anthem Blue Cross Foundation Tallied $3.8 Million for 2016

From teaching lifesaving skills, to increasing cancer screening and helping youth discover that eating healthy and staying active can be fun, the Anthem Blue Cross Foundation continues to tackle some of California’s most complex health issues.

Last year’s results, donations of $3.8 million, plus hours of employee volunteer work, illustrate how the foundation’s partner non-profits are helping to reduce health disparities and empower local community residents to take control of their health.

“We know that when our communities are healthy, their residents are able to thrive, grow and prosper,” said Brian Ternan, president of Anthem Blue Cross. “The Anthem Blue Cross Foundation is proud to team with these organizations that are dedicated to improving the health of our communities and are working to change the lives of so many people across the state.”

Through its focus on heart health, cancer prevention, prenatal care, diabetes prevention, active lifestyles and behavioral health, the Anthem Blue Cross Foundation teams with organizations that are setting the standard when it comes to innovative programs that offer long term solutions.

The foundation works with the American Heart Association, The American Cancer Society and the Boys & Girls Clubs of America, among other partners.

Beyond the impact made by the Anthem Blue Cross Foundation, Anthem Blue Cross associates donated more than 7,100 volunteer hours to benefit countless nonprofits in communities across the state. Additionally, during the year-round associate giving program supported by an Anthem Blue Cross Foundation match, they raised $568,000.

Last Updated 11/1/2017

Arch Apple Financial Services | Individual & Family Health Plans, Affordable Care California, Group Medical Insurance, California Health Insurance Exchange Marketplace, Medicare Supplements, HMO & PPO Health Care Plans, Long Term Care & Disability Insurance, Life Insurance, Dental Insurance, Vision Insurance, Employee Benefits, Affordable Care Act Assistance, Health Benefits Exchange, Buy Health Insurance, Health Care Reform Plans, Insurance Agency, Westminster, Costa Mesa, Huntington Beach, Fountain Valley, Irvine, Santa Ana, Tustin, Aliso Viejo, Laguna Hills, Laguna Beach, Laguna Woods, Long Beach, Orange, Tustin Foothills, Seal Beach, Anaheim, Newport Beach, Yorba Linda, Placentia, Brea, La Habra, Orange County CA

12312 Pentagon Street - Garden Grove, CA 92841-3327 - Tel: 714.638.0853 - 800.731.2590
Email:
Jay@ArchApple.com
Copyright @ 2015 - Website Design and Search Engine Optimization by Blitz Mogul