Pension Plans, 401(k)s and consumer health care

Just in the past decade we’ve seen companies phase out pension plans that were long believed to be a given. Employees are now being charged with the responsibility of managing their retirement funds. As someone who has been in the investment management business for over 14 years, I am still baffled by the lack of planning tools the average investor has at their disposal. It’s quite scary, especially given the fact we have had two market melt downs (dot.com bust and financial crisis) and the baby boomers are entering retirement at accelerating rates.
Given the consistently high health care cost inflation, companies are understandably looking to manage their bottom lines by offering high deductible health plans. Just as consumers need help planning and saving for retirement, so too will they need assistance in optimizing their health care spending. We want consumers, primary care physicians, HR professionals, thought leaders on patient engagement, or anyone with a good idea to help us solve this problem. It may not appear to be a big issue now, but as the popularity of high deductible plans rise, so too will the need for simultaneous patient and service provider engagement. A key aspect of our core philosophy is that “engagement” implies two parties. As we facilitate the engagement experience for both patients and service providers, we look forward to receiving constant feedback to ensure we remain in relentless pursuit of providing a valued service.

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