LIMRA

Rising Premiums Push 12% of Workers to Cut Retirement Savings: LIMRA

Rising Premiums Push 12% of Workers to Cut Retirement Savings: LIMRA

WINDSOR, Conn. – October 29, 2026 -- One in eight U.S. workers whose health insurance premiums rose this year responded by cutting retirement contributions, according to new LIMRA research released as open enrollment begins.

77% of insured workers faced higher premiums in 2026

LIMRA's 2026 Benefits and Employee Attitude Tracker (BEAT) Study found that 77% of employees with workplace medical coverage saw premiums increase this year. For 17%, the increase exceeded 10%. About half of those affected changed their spending or benefits choices:

LIMRA: 76% of Pre-Retirees Skip or Skimp on Retirement Plans

LIMRA: 76% of Pre-Retirees Skip or Skimp on Retirement Plans

Windsor, Conn. – September 18, 2026 -- Nearly six in ten pre-retirees (59%) rate themselves highly prepared for retirement, yet 76% have either no written plan or spent fewer than five hours in the past year developing, reviewing, or updating one, according to LIMRA's 2026 Retirement Income Readiness Report.

Confidence outpaces action among workers nearing retirement

The survey found 88% of pre-retirees — defined as workers age 45 and older planning to retire within 10 years — say they have thought about how they'll generate income after leaving the workforce. But half (50%) either lack a written retirement plan or have one they haven't updated recently, exposing a gap between stated confidence and actual planning behavior.