Medicare:
America’s Health Insurance Plans has teamed with drug store organizations to develop a Web site for consumers interested in Medicare prescription benefits. http://www.healthdecisions.org/guide
Retirement Readiness:
A financial services company is using a Web tool to get Americans to think about the future. Nationwide Financial Services Inc. (NFS), Columbus, Ohio, has posted the new RetirAbility Check calculator at http://www.nationwide.com/nw/nrri/index.htm?wthpa=retirability1
The calculator generates an “R-Score” rating, or retirement readiness rating, and gives users personalized suggestions about ways to improve their scores, Nationwide says.
Pension Protection Act:
A retirement services vendor has published an employer guide for the new federal Pension Protection Act. Principal Financial Group Inc. (PFG), Des Moines, Iowa, has posted the guide and a compliance timeline at http://www.principal.com/ppa
Some of the many provisions of the PPA will change defined benefit plan funding rules, encourage automatic 401(k) plan enrollment programs, and create the DB(k), a plan that will let employers combine 401(k) plans with defined benefit plans.
