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The Affordable Care Acts ongoing rollout continues to plague employers as many look for alternative benefit structures to help with rising costs. The defined contribution benefit model touted as a way to lower costs for employers and increase choice for employees is generating lots of discussion but are employers ready to take the plunge?
Identity theft and data security is a concern of every shopper whether they shop online or at brick-and-mortar stores. But as the more profound breaches at Target and other retail giants have gained hold on consumer minds, voluntary benefit offerings have surfaced on private insurance exchanges to help combat this growing digital dilemma.
Its no surprise Americans are tired. Thats why benefit advisers working with employers to build a wellness program should not ignore sleep solutions.
Commentary: Columnist Mel Schlesinger contends that most brokers aren't actually selling the non-medical insurance products that could help clients and their employees. Simply including them in a proposal is not enough, he says.
Marty McGuinness, VP of governmental affairs with Unum, serves as one of the key industry representatives of the federal Income Protection Caucus, a bipartisan effort designed to bring congressional-level awareness to the weaknesses in disability insurance among American workers. Too many benefit managers overestimate the value of potential government assistance in disability cases, leaving employees in trouble when one of many common health conditions cuts their ability to work. The caucus, McGuinness says, helps raise awareness and also emphasize the potential tax benefits of enhanced private DI programs.
MetLife has launched a new voluntary life insurance product aimed at baby boomers nearing retirement.
Commentary: While voluntary sales continue to rise, billing for these products is turning into a mess, says blogger Tinker Kelly. The concept of self-billing, explained here, can fix this.
Benefits contribute up to an additional one-third to employees total compensation, according to research from the U.S. Bureau of Labor and Statistics. As the industry celebrates National Employee Benefits Day on April 2, employers can encourage workers to make the most of their benefits.
Current regulations dont require a retirement plan providers investment advice be in the best interest of plan participants, but most employers want that to change, an AARP study finds.
Although U.S. workers on a whole are more satisfied with their current financial situation than in years past, most (58%) remain concerned about financial stability in retirement and say they plan to continue working until age 70 or later, a new Towers Watson survey shows.
Identity theft is an increasingly common problem in todays world. While it continues to escalate, brokers can find success in offering identity theft protection as a voluntary benefitboth in terms of filling customer needs and in terms of personal financial rewards.
Commentary: Online enrollment that gets participation in voluntary benefits as good as or better than one-on-one enrollment meetings at the worksite while letting brokers keep twice as much of the voluntary commission. Is it possible? Columnist Nelson Griswold explains.
A panel including a security specialist and FTC privacy staffer talked Monday at an American Payroll Association meeting about common mistakes employers make with their employees personal data and what the right make-up of a privacy team at a company should look like.
Employees who experienced negative interactions with their manager had a decreased sense of connection with their employer and were less motivated to return to work following a disability.
Millennials' lower net worth, combined with a mindset that a disabling condition will never happen to them, makes them ideal candidates for disability insurance.