St. Louis, MO (PRWEB) January 28, 2014
More employees are now delaying retirement due to health care uncertainty according to financial wellness firm Four Seasons Financial Education (FSFE). According to their internal trends, approximately 70% of employees age 50 and older are delaying retirement dates due to health care uncertainty. Employees cite concerns with the Affordable Care Act, potential changes to Medicare, and fears of cost increases as the main issues surrounding the delays. These findings suggest that employers are losing money due to delays and employee disengagement.
"When employees keep working because they have to and not because they want to, they become disengaged," says FSFE President, Travis Freeman. "Not only are employers footing the added health care bills for these employees, they're losing money on lost productivity.
According to recent studies by ADP, employee disengagement costs employers approximately $2,200 per employee per year.* FSFE believes these trends will continue until legistlators in Washington D.C. shift their focus aware from changing health care and entitlement laws and allow certainty to come back to the world of health care.
About Four Seasons Financial Education
Four Seasons Financial Education provides workplace financial wellness and education services to companies throughout the US to help them improve their bottom line. We take a strictly academic approach to financial education and focus on the core areas of personal finance which may help increase employee productivity and organizational performance. Securities and advisory services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC