The DOL has released its highly anticipated proposed fiduciary rule. The rule is "softer than expected," according to Tony Franchimone, a principal at Retirement Benefits Group, but promises to help advisers support and educate their clients.
Many employers are moving to high-deductible health plans, which places more responsibility on employees. As such, employees need to be better educated about their coverage. Marty Trussell, vice president of business development at Acclaris, shares how employers can help educate their workforce about their health benefits.
Brokers can leverage enrollment technology to improve their experience, and that of their clients, says Guardians Beata Rogala. The VP of enrollment and e-business shares how adviser and employer feedback shaped Guardians new enrollment tool. Brokers told us they needed instantaneous access to comprehensive and super flexible, very easy to deploy communication tools, she says.
The tax will take effect in 2018, and employers need to learn how to live with it. That can be accomplished by putting programs in place to ensure employees have the most information available to make the best choices, says Carlos Hernandez, vice president of strategic accounts at Acclaris.
A private health care exchange involves the sharing of multiple data points, so how can employers and providers prevent breaches? Listen as Ryan Keehn, assistant vice president of security operations at Businesssolver, discusses what questions to ask providers and how to ensure the data is secure.
In states that run their own health care exchanges, many legislatures thought of the setup costs during the establishment process, but few thought about ongoing funding to achieve a breakeven point let alone how to get to a surplus, says Jeffrey Kissel, CEO of Hawaiis state-run exchange. Listen as Kissel shares how exchanges are making their funding cases now and how his business background -- he was previously CEO of Hawaii Gas helps him in his new role at Hawaii Health Connector.
Companies struggle with absence management, and many employers have difficulty interpreting federal and state leave laws, new research shows. Guardian's Michael Estep shares what issues employers face and what they can do to manage absenteeism.
There are three paths to the future of employer-sponsored health care and brokers are woefully unprepared for one of them, says Benefitter CEO Brian Poger. Almost no brokers today have solutions for moving employees to the public exchange, he says, adding that the market will force their hand soon.
The No. 1 item the Department of Labor will examine during an audit is the plan document, yet some employers dont have one at all. Mark Lam, vice president of employee benefits compliance for Assurance, explains how advisers can help employers understand the importance of the plan document and what the DOL will be looking for in one.
Employers are placing more value on voluntary benefits, new research shows. Most considerations for doing so don't change much over time, but LIMRA's Ron Neyer shares how two factors "increased significantly" in 2014, according to LIMRA's research.