A new insurance survey found that Generation Y is looking for change when it comes to workplace benefits. Colonial Life & Accident Insurance Company released a new study to delve further into the preferences of Generation Y. “The ability to recruit and retain younger workers is quickly becoming essential for employers to ensure long-term business success, especially as Baby Boomers begin to retire in increasing numbers,” says Stephen Bygott, director of marketing programs and research at Colonial Life in a news release. “But Gen Y has different needs, expectations and preferences than previous generations, so companies need to take a different approach when it comes to designing and communicating their benefits packages. Those who don’t consider changes could risk losing their competitive edge and may be left behind.”

The insurance company is hoping that employers and human resource managers will take the findings into consideration. The survey shows that Gen Y is not as financially stable than other generations. Only 58% of them pay bills on time and 43% have high credit card debt. Almost three out of four aren’t saving up for emergencies. They also find that Gen Y is very mobile as the average 26-year-old has already had seven jobs. The study also finds that this generation values strong benefits packages provided by employers, but many are still underinsured. Sixty percent of Gen Y employees say benefits are the second most important aspect of job satisfaction. But other research shows they are the most likely to not take advantage of workplace insurance.

Another important piece of information to come out of this study is that Gen Y likes to receive information about benefits through personal communication. “Benefits communication emerged in the research as a clear opportunity for employers to more strongly engage Gen Y workers,” Bygott says. “These workers give employers low marks for the effectiveness of their benefits communication, and Gen Y women in particular are much more likely to say the communication they receive about their benefits is not at all informative, including cost, what’s covered and what they need.”

Wondering what the best minds in money are tweeting about? Every other Tuesday we’ll fill you in on the conversation with Tuesday Money Tweets. You’ll get the 140 characters (or less!) of the financial wisdom you crave from around the Twitterverse.

@FlatOutFrugal: “By sowing frugality we reap liberty, a golden harvest.” –Agesilaus

@MoneyMag_Penny: Investors flocking to 529 college savings plans, says Financial Research Corp. Net flows up 75% over past 2 years.

@LaMonicaBuzz: Forget about Barney. Looks like Yahoo is the most hated purple dinosaur. $YHOO down another 4% today. Below $16 for first time since March.

@CNNMoneyTech: Sprint is offering up to $175 to those who switch from any other carrier, not just T-Mobile

@Retireby40: A Wii is NOT an Investment!

@DebtChronicles: My son is looking for a way to finance his wish list this summer – how do your kids earn money?

@FinancialUproar: If no one wants to pay for music, why are investors still paying up for music companies?

@MoneySmartBook: You don’t have to be a #financialexpert or read lots of money books to know that you have to carefully choose how to spend your money.

@Money: Americans are spending a record $3,000 a year to fill up their cars.

@TaxResolution: According to a survey @ 30% of Americans are planning to spend their #IRS refund.What about you?Did you even get a refund?

@JonChevreau: Workers aged 50-plus expect to live longer on less but unprepared for inflation.

Fidelity Investments announced that they are seeing significant growth in their Health Savings Account business. They’ve added 14 new HSA clients which marks a 52% increase over the previous year. In a news release the company explained how customers using Fidelity HSA are taking advantage of tax benefits of having this medical account.

On average, participants contributed $2,620 in 2010 which included both personal additions and employee contributions. “The continuing rise of health care costs combined with health care reform really drove the adoption of HSA-qualified health plans  by employers last year and thus the growth of HSAs,” said William Applegate, vice president, HSA products, Fidelity Investments in a company news release.  “As for participants, it is clear that many are using the health-savings product to help manage not only their current medical expenses but also plan for future expenses, with nearly all participants carrying some balance over to the following year.”

Currently Fidelity has 74,000 HSA participant accounts. One in five of those participants contributed more than $5,000 to their account in 2010. About half added around $2,500 in 2010. By law, in 2011 the maximum an individual can contribute is $3,050 and for families that number is $6,150. HSA’s allow consumers to make pre-tax contributions, realize tax-free growth and make withdrawals for qualified medical expenses.

Increasingly people seem to be turning to the web for their auto insurance needs. According to a report by Insurance Journal, new auto insurance sites are gaining momentum and taking some of the business from dominating companies like GEICO and Progressive.

A new report from comScore.com found that during the fourth quarter of 2010, these new sites took in 724,000 quotes which is about 8% of all quotes submitted online. “The online auto insurance market has been dominated by only a handful of insurers over the past few years, with GEICO and Progressive comprising over 50 percent of all quotes submitted online,” said comScore director Susan Kleinman to the Insurance Journal. “But as more consumers look to the Internet to shop for insurance policies, there is an opportunity for more insurers to break into the online market.”

Many of these new sites saw triple digit gains in business. One of the most notable was USAA.com which had 6.5 million visitors. The next highest traffic was given to American Family who had 1.3 million visitors and in third was Mercury Insurance who welcomed 686,000 visitors. This report only looked at websites that are new to the market and did not include those who have been around for a while including allstate.com, esurance.com and geico.com.

Individual insurers are not the only ones seeing an increase in business. Insurance aggregators are online lead generators and have also been experiencing growth. The report shows that they received 6.8 million unique visitors to their sites during the last quarter of 2010. This may show that consumers are looking for new ways and sources to buy auto insurance. Perhaps they’re looking for better prices and a better product.

Health care is coming from an unusual place: Sam’s Club. Starting this month Sam’s Club members can now pick up preventative health care along with their bulk boxes of diapers and gallon jugs of shampoo. “The Prevention Plan” is offered by US Preventive Medicine and costs $99, according to CNN Money. Right now Sam’s Club members can purchase the product through the website and by May the company says they’ll offer it in every store.

The company’s CEO is adamant about the fact that the product is not insurance, and it doesn’t include access to doctors, but Christopher Fey does say that it may help keep people out of the doctor’s office. “Think of it as what a financial planner does,” Fey told CNN Money. “He takes all the information you provide, assesses the risk and gives you a plan on how to improve your financial health. The prevention plan does a similar thing, but for your [personal] health.”

With their $99, buyers will get a year-long subscription to a web-based program that monitors at-home blood screening tests and also tracks cholesterol, blood sugar and hemoglobin levels. Customers will also have access to an around the clock nurse line, two health coaching sessions and a series of health-related recommendations based on the person’s age, gender and risks. “The aim of the prevention plan is to keep individuals healthy, identify illness early rather than wait for symptoms to develop and assist in chronic care management such as for diabetes or heart disease,” Fey told CNN Money. “We are boosting our staff in anticipation of the Sam’s Club offering.”

Some worry that people will see this $99 product as a replacement to insurance, but Kathleen Stoll, director of health policy with Families USA says that’s not a good idea. “This plan is not a replacement for health insurance,” Stoll told CNN Money. “Think of this way. If you were training for a marathon, you may buy a heart monitor and monitor yourself while you train. But you still need to see a professional to give you a full cardiovascular checkup. I worry about people thinking of this prevention plan as a substitute for an annual checkup at a doctor’s office.”

Wondering what the best minds in money are tweeting about? Every other Tuesday we’ll fill you in on the conversation with Tuesday Money Tweets. You’ll get the 140 characters (or less!) of the financial wisdom you crave from around the Twitterverse.

@Gary_Foreman: Want free checking? – Check out credit unions. Lower fees and a network of ATMs are just some of the offerings

@MSN_Money: Euro hits a 4-year low against US dollar

@MoneyManagement: Store restroom has a dial timer in place of a light switch so the light turns off automatically in 10 min. Brilliant!

@DJSisterhen: For the econ nerds, credit card delinquency rates are falling, folks are paying their bills

@MoneyMatters: Is It OK To Just Stop Paying Your Underwater Mortgage And Walk Away? my answer? No. What’s yours?

@Flexo: Writing an article about an 18-year-old who bought a house from her winnings for showing championship hogs…

@Leanlifecoach: Knowledge = Money In The Bank

@BudgetsAreSexy: i think it’s time for something hella fun, and hella cheap – a walk.

@CleverDude: I’m tired of buying and spending. How about you?

@fcn: “I want to do that thing rich people do where they turn money into more money.” – Liz Lemon, 30 Rock

Wondering what the best minds in money are tweeting about? Every other Tuesday we’ll fill you in on the conversation with Tuesday Money Tweets. You’ll get the 140 characters (or less!) of the financial wisdom you crave from around the Twitterverse.

@BudgetsAreSexy: “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.” – Warren Buffett (confidence!)

@Dinks_Finance: Happy Finances equal a Happy Retirement. Be open and talk to your spouse about money.

@OutofYourRut: There are the far larger affects of TV on our finances in the form of time, opportunity costs, and influence.

@enemyofdebt: $12,877,714,305,798.84 (+) #nationaldebt Give him a chance they said….

@lukelefevre: “Debt is an evil plot to keep you poor.” – Seth Godin

@ramseyshow: Blake: How much sense does it make to have $5,000 in credit card debt and spend $250 a month playing golf?

@DanielLapin: “Takers” like high taxes while “Makers” recognize the evil of limitless government seizure of your money.

@ChristineRomans: Social security and federal benefits checks will all be direct deposit by 2013. Will save taxpayers $300 mln in 5 years.

@Future_of_Pay: Even with recovery, perks may not come back. What would you rather have: your pay or your perks restored?

@ThomasJStanley: The median millionaire’s home? $469,021

Wal-Mart, a large company that has been criticized in the past for its less than generous employee benefits, has now embraced President Barack Obama’s call for mandate directed at large employers that would make it a legal responsibility to provide health insurance for their workers.

These days, driving is more expensive than ever. It takes a lot of money just to make things happen. The economy isn’t doing anybody a favor, either. The price of oil has gone up globally, so the amount people pay at the pump has gone up to around $4 a gallon, and the oil that goes into everything else relevant to their vehicle’s needs is more expensive too. Jobs have been cut significantly in 2008, making for tight money crunches in most households, and with the cost of everything else combined, it’s easy to see why people aren’t rushing out to buy new vehicles every year. There’s just no money to go around for that.

MetLife is biggest life insurance company in America. It is also America’s top purveyor of group life insurance to company employees. Today, MetLife announced an improvement its group life insurance program, intended to serve company employees. The company’s Term Life, Group Universal Life, and Group Variable Universal Life group life insurance plans now have an additional standard feature: estate resolution services. This feature is intended to make easier and cheaper the complicated and often expensive process of sorting out a deceased employee’s possessions.