ziggy29
Moderator Emeritus
Just got a memo from our HR team to all U.S. employees confirming some details about changes to benefits, primarily health benefits. They are doing a couple of changes that are becoming more widespread:
(1) Looks like they are rolling out an HSA option. They didn't say "HSA" specifically but they mentioned the addition of high deductible health plans which can increase retirement savings, so it's obvious that one can draw that inference. We already have high deductible options, but they are funded with an HCA that has a maximum balance and doesn't come with you, unlike an HSA. I'll be interested to see how the deductibles, employer account contributions and premiums are different between the non-HSA high deductible plans and an HSA.
(2) Megacorp is rolling out "incentives" for wellness to "get and stay" healthy. Right now it sounds like only "carrots" -- extra goodies if you do some of the right things -- but I suspect in a couple of years this will also include "sticks" (penalties and increased premiums for failing to comply to "wellness" directives). At this point that's just speculation.
I'm really curious to see how they implement these things. It may be a glimpse into the future.
(1) Looks like they are rolling out an HSA option. They didn't say "HSA" specifically but they mentioned the addition of high deductible health plans which can increase retirement savings, so it's obvious that one can draw that inference. We already have high deductible options, but they are funded with an HCA that has a maximum balance and doesn't come with you, unlike an HSA. I'll be interested to see how the deductibles, employer account contributions and premiums are different between the non-HSA high deductible plans and an HSA.
(2) Megacorp is rolling out "incentives" for wellness to "get and stay" healthy. Right now it sounds like only "carrots" -- extra goodies if you do some of the right things -- but I suspect in a couple of years this will also include "sticks" (penalties and increased premiums for failing to comply to "wellness" directives). At this point that's just speculation.
I'm really curious to see how they implement these things. It may be a glimpse into the future.