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And if your company is bought by another, there is no guarantee that it will continue to offer the plan.
Utility companies like Consolidated Edison in New York would be required to offer the plan in exchange for a credit on their corporate franchise taxes.
The Class program could not have resorted to such remedies, but Mr. Yee proposed other modifications, like "phased enrollment," in which large employers offer the plan first before individuals can sign up.
Progressive, the huge Ohio-based insurer that has long prided itself as an innovator, will first offer the plan in six states, having run a similar pilot in three other states.
Assuming you (or your employees) are paying the advisor, get a statement from the advisor in writing that he doesn't receive any direct or indirect compensation from the plan administrator or the mutual fund or other companies that offer the plan investments.
Says Offer, the plan is to double the sales team in the months ahead.
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In some cases, hospitals offer the plans as an option.
Bupa, Westfield and HSA are amongst the organisations that offer the plans.
At companies that do offer the plans, just a third of employees participate.
The insurers preparing to offer the plans within a year include Aetna, Humana, Cigna, the UnitedHealth Group and Wellpoint Health Networks.
Your employer needs to offer the plans in the first place for you to take advantage of them.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com