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Mar. 14, 2019: Where do benefits brokers fit in Amazon's new health care venture?

By Dan Cook

First it was books. Next came music, followed quickly by technology, clothing, furniture and all things e-commerce. After that, it was TV and movie streaming, e-readers and artificial intelligence. Over the past 25 years, Amazon’s process for expanding its empire has proven successful time and again: Dominate or exit. Read More

6 ways retirement has changed

By Marlene Satter

The concept, and reality, of retirement is changing drastically. Many baby boomers will have a different retirement from their parents. And Gen Xers, we assume, even more so. Back in the day, there was Social Security for those who didn’t work—or who worked but didn’t/couldn’t save. There were pensions that delivered a set amount of money every month at the end of a career that might have spanned anywhere from 20–35 years at the same company. Read More

Intel asks SCOTUS to clarify ERISA's statute of limitations

By Nick Thornton

Fiduciaries to Intel Corp.’s defined contribution plans have petitioned the Supreme Court to clarify the Employee Retirement Income Security Act’s statute of limitations. Intel’s petition arises from a claim first brought in 2015 in the U.S. District Court for the Northern District of California. A former Intel employee alleged fiduciaries to two defined contribution plans sponsored by the firm breached ERISA by loading a target-date fund with large allocations to hedge funds and private equity investments. Read More

Hospitals increasingly investing in (and profiting from) physicians

By Katie Kuehner-Hebert

Doctors really pull in the money for hospitals – to the tune of $2.4 million a year per facility on average, according to a survey of hospital CFOs by physician search firm Merritt Hawkins. Think that’s a lot? You can probably expect it to grow. The latest figures represent a 52 percent increase over 2016 data. Specialists in particular are significant revenue generators, the CFOS say, with cardiovascular surgeons, invasive cardiologists, neurosurgeons and orthopedic surgeons all generating more than $3 million in revenue each per year. Read More

10 least expensive states to retire early

By Marlene Satter

Are you a devotee of the FIRE movement (Financial Independence/Retire Early)? Or do you just hate your job and want to retire early? Either way, you might be interested in reviewing this list of 10 states where that might be possible. HowMuch.net has gone over the numbers compiled by GoBankingRates on how much you’d need in each state to retire early, and come up with a ranking of every state in the country. Read More

Benefits industry newsmakers: Nuveen, Humana, ParcelShield, FinFit, GoCo, Turbo

By C.J. Marwitz

Globoforce has been renamed Workhuman. Workhuman’s technology, Workhuman Cloud, is a social recognition and continuous performance management platform. In conjunction with its name change and 20th anniversary milestone, Workhuman also announced a major expansion of its operations with the creation of 150 new jobs and the opening of its newly expanded headquarters in Dublin. The company operates in Framingham, Mass. as well. Read More

The day the producer model died

By Mick Rodgers and Bob Gearhart Jr.

Haven, the new name of the Amazon, Berkshire Hathaway, JPMorgan Chase joint venture, has launched their website outlining a high-level overview of their plan for the future of health care. The recent announcement of the intent of the new company confirms what we already intuitively know: like it or not, non-traditional competitors like Amazon, Walmart and even CVS are entering the employee benefits and health care space. On the Haven website, insurance companies were mentioned once, and brokers were not mentioned at all. Read More

10 tips to improve your online and social media presence

By BenefitsPRO Editors

How many social media platforms are you on? Twitter, LinkedIn, Facebook, Instagram? Now how many of them are you actually active on? Having a social media presence in today’s world is a must if you want to attract new clients, but there’s a difference between having a profile and having a presence. Read More

Jeff Sopko