Michael Waterbury

Jun 10, 2024 | feeds.feedblitz.com | Lynn Cavanaugh |Scott Wooldridge |Alan Goforth |Michael Waterbury

(Photo: Diego M. Radzinschi/ALM)Engineering and construction firm Bechtel was sued last week by a former employee who says the company mismanaged its $5.1 billion retirement plan by defaulting workers into a pricey Empower managed account service that offered them little value, in an Employee Retirement Income Security Act (ERISA) lawsuit.

May 14, 2024 | feeds.feedblitz.com | Alan Goforth |Michael Waterbury |Steve Palma |Scott Wooldridge

A retirement plan participant has sued JPMorgan Chase over the company's recent data breach, alleging that his personal information was "targeted, compromised, and unlawfully accessed." The full names, addresses, payment and deduction amounts, and Social Security Numbers of more than 451,000 participants were exposed in the breach, the company said.

Apr 19, 2024 | fastcompany.com | Michael Waterbury

Employers have long understood the value of protecting the physical and financial well-being of their team. That’s how healthcare benefits and employment became linked in the first place. But as premiums and deductibles have increased, the effectiveness of medical benefits alone to prevent medical debt—which is the leading cause of bankruptcy in the U.S.—has eroded. A new study from Goodroot found that 43% of people with employer-provided insurance have experienced medical debt.

Apr 1, 2024 | entrepreneur.com | Michael Waterbury

Healthcare appears to be headed for a breaking point as the cost for employers threatens to become unsustainable. According to a Kaiser Family Foundation survey, 9 out of 10 executives say it will be impossible to continue providing employee health benefits by 2030. Rising healthcare costs are a challenge, but not an impossible one. Employers today have options.

Nov 27, 2023 | healthcarebusinesstoday.com | Michael Waterbury |Steve Palma

There’s an undeniable shift occurring in the employer landscape. Against a backdrop of growing inflation, a challenging economic climate and the highest healthcare premium increases in over a decade, businesses have been forced to not only trim their workforce but are also starting to phase out employee perks and reduce benefits to mitigate financial risk. As we approach 2024, employers face a pivotal challenge: How to continue offering valuable benefits amidst escalating costs.