Fidelity reveals what you’ll spend on healthcare in retirement (It's a lot!)
Employee Benefit News
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Are you factoring in healthcare costs when it comes to your retirement planning? According to Fidelity Investments’ Retiree Health Care Cost Estimate report, a 65-year-old couple retiring in 2022 can anticipate spending $315,000 in health and medical expenses throughout their retirement. Single women are anticipated to spend $165,000 throughout retirement, and men will spend an average of $150,000. But there are helpful tools available — like an HSA — that can ease the burden and ensure your health and wealth in the future.?
Employers have invested time and resources on making sure they’re keeping up with employees’ wellness demands — but is it working? A recent survey from people analytics platform Visier found that 80% of executives believe their company is doing a good job supporting the physical and mental health of employees, compared to only 46% of employees. Managers and employees also disagree on things like remote work policies, post-pandemic business strategies, and upskilling and training opportunities. If they don’t get on the same page soon, employers should anticipate workers looking elsewhere.?
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During Mental Health Awareness month, employees may not have to look very far to find support. Walmart is training employees to recognize the signs of burnout and mental health distress in their colleagues, and offer a helping hand. The Mental Health First Aid training is a high-impact, skills-based program that teaches associates how to identify, understand and respond to people who are struggling with mental health or substance use issues. Read on to see how it works.?
Don’t forget to secure your spot for this July’s WORKPLACE STRATEGIES AGENDA , your destination to connect with senior HR and benefits leaders and explore insights into benefits as a strategy in the modern workplace. We’ll be in Austin, TX, July 27-29 for the industry’s can’t-miss event. Sign up to learn more .