Humana Well-being:
2018 Annual Report
Debborah knows security comes in many forms and she’s found it here.
Kevin went from “Retirement? What’s that?” to a masters of savings.
When we talk about security as one of the four dimensions of well-being, we mean more than just changing your password or locking your desk drawers. We’re talking about peace of mind: the feeling that in the end, everything is going to be ok. Whether it’s planning for health challenges or for your retirement, when you’ve prepared for tomorrow, it has a positive impact on your world today.
Our overall security score made a fantastic leap from 82.0 in 2017 to 93.0 this past year, with most facets showing improvement. This is due mostly to a stronger emphasis on financial engagement of various kinds. Here are some insights:
More of us than ever are contributing to a 401(k), and many maximize the benefit. The percentage of us who participate in Humana’s 401(k) retirement program is at an all-time high, and those who maximize Humana’s matching contribution remained similar to last year, surpassing our goal of 60%.
Short-term financial planning can go a long way toward long-term security. There’s so much to be learned when it comes to our financial health, and now, half of us are using Enrich and Schwab Financial Guidance to learn it!
As part of the Humana team, we have some great benefits and resources for retirement and savings. About two out of three of us are getting the most out of Humana’s 401(k) match. In addition, we also have Schwab My Retirement Progress, which helps us better prepare for the future. Find out what you can do to get retirement ready by connecting with Schwab Advice Services.
Over 93% of us are saving in some way with Humana’s 401(k), surpassing our participation goal.
In 2017, Schwab updated the measure for being on track to ensure we’re all better prepared for the future.
Our financial engagement continued to do well in 2018, but with some room to grow. Financial education is on the rise, with many free events and webinars offered throughout the year to put us in a better position and feel more secure. As an added bonus, we can earn WOW Bucks for many of the sessions. Engagement in WOW! Working on Well-being® activities strengthens our well-being while rewarding us for it, so we’ll want to keep striving to meet our WOW goal.
The value of these programs is increasingly clear as more of us seek guidance on day-to-day financial needs, long term saving and retirement planning, and navigating student loans.
WOW is integrated into Go365, rewarding Bucks for completing activities that enhance a sense of purpose, belonging and security. In 2017, we started engaging with WOW in a new way.
According to the Humana Well-being Index, our security is mostly on the right track. Feeling secure is one of our basic needs, and when it’s fulfilled, we gain optimism about our future. Security is broken down into three parts — Financial, Personal Safety, and Environmental Safety — and our feelings toward each of them continue to tick up.
Peace of mind and well-being go hand in hand, so it’s great our personal feelings towards our sense of security are at an all-time high in our tracking.
This concerns our ability to meet our basic needs, improving our standard of living and making short-term financial decisions that lead to long-term financial security.
Personal Safety is being free from the fear of danger, risk or injury.
Environmental Security means having sustainable resources to meet basic daily needs and focus on a higher purpose.