Peter Westerman

About The Author

  • Seattle's push to let gig drivers unionize faces fresh test

    February 05, 2018

    Seattle billed itself as a laboratory for the gig economy with a plan that would allow ride-hailing drivers who work for companies such as Uber and Lyft to unionize. That bold effort is set to be scrutinized in a federal appeals court.

  • HSA How-To

    January 01, 2018

    If an employer wants to offer employees pretax payroll deferrals to their health savings accounts, the employer needs to first create a Section 125 plan or cafeteria plan that allows HSA deferrals.

  • CFPB Director Richard Cordray to step down

    November 15, 2017

    A champion to consumer advocates, Cordrays exit this month from the Consumer Financial Protection Bureau lets the Trump White House install a more industry-friendly head of the CFPB.

  • Future-proof

    November 01, 2017

    Bret Brummitt is a managing partner at A.G. Insurance, a benefits firm that strives to lead the industry as pioneers who create improvement that touches the lives of those they serve.

  • We planned for 2018 ACA subsidy changes: Centene

    October 25, 2017

    Executives from Centene Corp. told Wall Street securities analysts today that they expect their high-performing Affordable Care Act public exchange plan business to continue to do well in 2018, even if the cost-sharing reduction subsidy goes away.

  • Sun Life Stories: Julie

    August 17, 2017

    When Julie lost her job, she thought she lost everything. See how Sun Life helped.

  • Looking back and moving forward

    June 01, 2017

    Many of us, including myself, started our firms out of our homes. The one thing I didn't anticipate when I started out on my own was the loneliness factor. I came from a company with hundreds of employees and thrived off of the hustle and bustle. That buzz was noticeably...

  • Weathering the storm

    April 01, 2017

    What qualities must a broker have to succeed in today's changing benefits landscape?

  • Lights out?

    March 01, 2016

    On November 2, 2015, the Bipartisan Budget Act of 2015 was signed by President Obama.

  • PPACA Repeal?

    February 01, 2016

    On January 8, President Obama vetoed a Republican-backed measure that would have repealed the Patient Protection and Affordable Care Act.

  • Consumers still don't understand HSAs, HRAs

    September 01, 2015

    Businesses need to turn up the heat in educating consumers about health savings accounts and health reimbursements accounts, according to Acclaris, a tech consulting firm for account-based health care plans.

  • Is PPACA really a job killer?

    September 01, 2015

    A handful of analysts and politicos have warned that Patient Protection and Affordable Care Act provisionsmost notably the employer mandatewould have a negative impact on employment, cut jobs and reduce full-time workers hours.

  • Zenefits versus ADP

    September 01, 2015

    As I read the recent back and forth between Zenefits and ADP, I could almost hear an industry breathing a sigh of relief.

  • Oops!

    September 01, 2015

    The broker's job description in today's changing health care market is similar to running a marathon for nine months, followed by an all-out sprint when open enrollment season starts in the fall.

  • HR: Grieving at the Office

    September 01, 2015

    The death rate in the United States is holding steady at 100 percent. Nevertheless, the grieving process is the last thing most employees want to talk or even think about.

  • What we’ve learned

    February 01, 2015

    In todays environment its not only a good idea to try something new - its absolutely necessary.

  • Small Businesses Benefit Big

    October 14, 2014

    Every business should have access to legal coverage and every business should be able to afford it. Learn the benefits of a small business plan.

  • What I've learned

    August 01, 2014

    June 24 marked my 9th year owning a brokerage firm in New York City, and in those years, Ive learned a lot.

  • RockTenn offering lump-sum payouts

    July 14, 2014

    The Georgia company hopes to reduce its defined benefit obligations by $200 million-$300 million by offering lump-sum payments to former employees who have yet to retire.

  • Is fervor for alts slowing?

    July 07, 2014

    Last year saw the strongest asset flows into the alternative investments category and the largest number of alt fund launches on record, according to a survey by Morningstar and Barrons.

  • PBGC releases rate assumptions

    February 14, 2014

    The Pension Benefit Guaranty Corp. issued its interest rate assumptions for December that must be used when single-employer pension plans are terminated.

  • The Swiss Effect

    February 01, 2014

    Switzerland is a prime example of a system very similar to that being implemented through the Patient Protection and Affordable Care Actand the elements that differentiate the Swiss system from PPACA might point to where were headed.

  • What 2013 taught economists

    January 02, 2014

    We asked scholars to identify the most important development or new research of the last year.

  • Hotel settles religious bias case with EEOC

    November 18, 2013

    A federal civil rights agency and an Albuquerque hotel have settled the agency's religious discrimination lawsuit filed on behalf of a housekeeper who was fired when she refused to not wear her head scarf.

  • Reform shifts broker roles

    November 01, 2013

    There has been perhaps no more divisive issue in this country over the past three years than that of health care reform.

  • Retirement lessons to learn from abroad?

    September 03, 2013

    Australia, Canada and the Netherlands have all tackled their retirement savings problems through a combination of social security and employer-sponsored retirement systems.

  • WellCare second-quarter profit up

    August 07, 2013

    WellCare Health Plans' second-quarter earnings inched up 1 percent, as a jump in medical benefits and other expenses countered a revenue spike for the Medicaid and Medicare coverage provider.

  • Higher costs for PPACA’s bronze plans

    August 05, 2013

    Consumers who think they might be scoring a cheap health plan under the Patient Protection and Affordable Care Act might be in for a rude awakening.

  • Costs cut into Express Scripts’ second quarter

    July 30, 2013

    Express Scripts says its second-quarter net income more than tripled compared to last year, when costs from the pharmacy benefits manager's acquisition of competitor Medco Health Solutions dented its performance.

  • Del. workers compensation panel releases report

    May 13, 2013

    A state panel examining soaring workers compensation rates in Delaware is recommending that the state implement a two-year inflation freeze on medical providers' fee schedules.

  • Voluntary benefits expected to grow in importance

    April 08, 2013

    Voluntary and other ancillary employee benefits are expected to play a bigger role in the years ahead as companies compete for talent, according to the preliminary results of an employer survey by United Benefits Advisors.

  • MetLife selling Tower Square, Walnut Street

    April 05, 2013

    MetLife is selling independent broker-dealer affiliates Tower Square Securities and Walnut Street Securities to Cetera Advisor Networks, so that its U.S. retail arm can concentrate more on its core distribution relationships.

  • Illinois to address health care workforce

    March 25, 2013

    Illinois Gov. Pat Quinn said Saturday that he's taking steps to ensure the state has enough qualified health care workers to meet demand as hundreds of thousands of uninsured residents become eligible for coverage under the new health care law.

  • Stocks open lower

    March 15, 2013

    U.S. stock markets are opening lower, threatening to end the Dow's winning streak at 10 days.

  • Gingrich bashes GOP over demographics

    February 20, 2013

    Former House Speaker Newt Gingrich says President Barack Obama's campaign was "eight, maybe 10 years, ahead" of the Republican Party last year in understanding the rapidly changing face of the American electorate.

  • WellCare profit tumbles

    February 13, 2013

    WellCare Health Plans Inc.'s fourth-quarter earnings fell 43 percent as rising medical costs outpaced revenue gains. But analysts had predicted worse, and the health insurer said it received a rate hike from Kentucky, a state where it has struggled with expenses.

  • Hobby Lobby says it can delay health law rule

    January 11, 2013

    An attorney for Oklahoma City-based Hobby Lobby says the company has found a way to delay providing insurance coverage for emergency contraceptives as required under the federal health care law.

  • Maryland gets conditional exchange approval

    December 11, 2012

    Maryland has received conditional approval by the federal government to operate a state-based health insurance exchange in 2014, Lt. Gov. Anthony Brown announced Monday.

  • Indiana governor touts funding for pensions

    October 05, 2012

    Gov. Mitch Daniels said $207 million will be invested in teacher pensions, along with $90 million toward judges' pensions and $32 million for police pensions.

  • Kansas agency finds jump in job openings

    September 05, 2012

    Job vacancies increased in Kansas during the second quarter of 2012 compared to a year earlier, according to a report Wednesday from the state Department of Labor.

  • Oregon group questions Regence rate-hike proposal

    August 08, 2012

    A consumer group says Regence BlueCross BlueShield of Oregon hasn't justified its proposal to raise rates for 52,000 people who buy health insurance in the individual market rather than through an employer.

  • Treasury to bank $750 million more from AIG stock sale

    August 06, 2012

    The government says it expects to receive $750 million more from the latest sale of stock held in American International Group. The sales are part of an effort to recoup taxpayer money from the largest bailout of the 2008 financial crisis.

  • Medicare drug plan premiums stable for 2013

    August 06, 2012

    It's an economic indicator of sorts for seniors: The Obama administration says the average premium for basic Medicare drug coverage will stay the same next year, $30 a month. That's the third year in a row of little or no change.

  • Obama says too many still need work

    August 03, 2012

    President Barack Obama says new jobs figures released Friday show there are too many people looking for work. He says "we've got more work to do on their behalf."

  • MetLife profit doubles as derivatives lift insurer

    August 01, 2012

    MetLife Inc. said on Wednesday that its second-quarter earnings more than doubled, topping Wall Street's expectations, as the insurer recorded a $1.4 billion one-time gain from a derivatives bet that interest rates would fall.

  • Prudential's second-quarter net income soars on one-time gain

    August 01, 2012

    Prudential Financial Inc. said Wednesday that its net income jumped nearly threefold in the second quarter, as the life insurer recorded a one-time gain of nearly $2 billion as a stronger Japanese yen drove up the value of the company's derivatives.

  • ADP's second-quarter profit climbs 7 percent

    August 01, 2012

    Automatic Data Processing Inc., the world's biggest payroll processor, said Wednesday its fiscal fourth-quarter net income rose 7 percent as it benefited from some new hiring in a slowly improving economy.

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