Employee Benefits Report – October 2018

New Rule Increases Small Groups Insurance Buying Power

man counting money
If you own a small company, you know the frustration of not having the same buying power as large groups when purchasing health benefit coverage.
Read on for details.
 

The New Frontier of Student Loan Repayment Benefits

mortarboard with moneyStudent loan debt is soaring. The Federal Reserve reports that more than 44 million people owe $1.5 trillion in student loans. Loan amounts average $37,172, although some go as high as $100,000 or more.
Read on for details.

ERISA Q&A: What You Need to Know

piggy bankIf you currently offer, or are planning to offer your employees retirement benefits, make sure you’re familiar with ERISA rules and regulations.
Read on for details.

 

Getting the Most Out of an HSA

Employers are increasingly relying on high-deductible health benefit plans to reduce premium costs.
Read on for details.

Personal Lines – Fall 2018

Hot-Car Deaths on the Rise

baby in carseatSince 1990, 800 children have died in hot cars. A combination of education, technology and legislation could help prevent these tragedies from happening in the future.
Read on for details.
 

How to Make an Insurance Claim

tabletWe hope it never happens, but when you suffer a loss, you’ll have to file a claim to receive payment from your insurer. Here’s how the process works, and how to handle it to your best advantage. Read on for details.
 
 

Is Your Home Ready for Windstorm Season?

fallen treeHurricane activity peaks in the fall, but severe windstorms can occur at any time of year. The following pointers can help you protect your property.
Read on for details.
 
 

What Is a Mortgage or Lenders Loss Payable Endorsement?

When you buy property, such as a home (real property) or a car (personal property), and make payments on it, the party that lent you the money to buy it will need a way to protect its financial interest. To do this they will require you to add to your home or auto insurance policy a Mortgage or a Lenders Loss Payable endorsement. Read on for details.

Life & Health Insurance Advisor – Fall 2018

Getting Ahead of the Curve: Planning Now for Social Security Deficiencies

social security cardIf you’re like most people, Social Security will provide 40 percent of your income during retirement. Unfortunately, without changes, the federal government may not have enough money in 16 years to fully fund the program.
Read on for details.

The State of Medicare: 2018 and 2026

torn dollar billMedicare, like the federal government’s Social Security program, is on track to eventually run out of funds to pay the entire amount of claims made.
Read on for details.
 
 

Insurance That Goes Beyond Health Benefit Coverage

hospital roomHealth Insurance will not always protect you from financial devastation if you suffer from a critical illness.
Read on for details.
 
 
 

Too Much Blue Light? Filtering Lenses May be the Answer

Do you spend a lot of time working on a computer or looking at your smartphone? If so, are your eyes bothering you? Are you having difficulty sleeping?
Read on for details.

Employee Benefits Report – July 2018

Is Your Company’s Retirement Plan Safe from Hacking?

hacked computer
Many employees rely heavily on the money they put into their employer-sponsored 401(k) account to pay for their retirement. The last thing they want is for the money to be stolen by cyber thieves.
Read on for details.

Answering Your Employee’s Questions About Enrolling in Medicare

chalkboardWorking past age 65 is no longer uncommon. According to the U.S. Jobs report, almost 19 percent of people 65 or older worked at least part-time in the second quarter of 2017.
Read on for details.
 
 

What You Need to Know About Group Life Insurance

umbrellaEmployer sponsored life insurance is the way most Americans receive coverage. There are important decisions to make when offering coverage to employees.
Read on for details.
 
 

HSAs — Good for More Than Just Paying Medical Expenses

Your employees can enjoy the benefit of paying their long-term-care insurance premiums tax free — if you offer a Health Savings Account (HSA).
Read on for details.

Personal Lines – Summer 2018

9 Tips for Hiring a Home Repair Contractor

phoneDue diligence before you hire a contractor can save you time and money in the long run.
Read on for details.

Are Your Jewelry Items Insured for Their True Value?

cashDid you think your jewelry was covered under your homeowner’s policy? Read on for details.

How to Avoid Becoming a Fake Accident Victim

framesAuto accidents cost hundreds of billions of dollars each year and in some places, like New York City and Los Angeles, nearly one out of three accidents may not be an “accident” at all, according to the National Insurance Crime Bureau (NICB).
Read on for details.

How to Protect Your Home-Based Business

Most homeowner’s policies exclude claims resulting from “business pursuits.”
Read on for details.

Life & Health Insurance Advisor – Summer 2018

Life Insurance for any Age — Especially During Retirement

benefits gapThere are many reasons why life insurance can make sense in retirement.
Read on for details.

 
 

Annuity Sales to Pick-Up in 2018

vision insuranceRule changes in 2017 caused a decline in annuity sales. Still, annuities remain popular with investors for a number of reasons.
Read on for details.
 
 

Insurance Terminology 101 — What You Don’t Know Could Cost You

life insuranceHealth insurance protects you from financial ruin should you have a serious health issue and makes it more likely you’ll seek treatment when you’re ill.
Read on for details.
 
 

Convert a Roth IRA Once? Yes. Twice? No.

With the passage of the tax reform bill late last year, you can no longer undo Roth IRA conversions.
Read on for details.

Employee Benefits Report – April 2018

Don’t Let a Flu Epidemic Take Your Business Down

association health plans
A particularly virulent influenza strain, H3N2, was responsible for a record number of illnesses, hospitalizations and deaths this winter.
Read on for details.

Tuition Assistance for a Better Future

2Tuition assistance not only benefits your employees, it helps your company.
Read on for details.

Making a 401(k) Plan a Reality for Your Employees

3A 401(k) retirement plan is one of the most desirable and valuable benefits you can provide your employees. Having an employee retirement plan shows you care about their future and helps employees create a nest egg for a comfortable retirement.
Read on for details.

A Partnership with an Eye To Better Health Care

Three successful American companies decided to see if the status quo of rising health care costs and decreasing patient satisfaction can be improved.
Read on for details.

Personal Lines – Spring 2018

What’s the Future of Auto and Home Claims Handling?

phoneLike everywhere else the digital world is bringing changes to the insurance industry.
Read on for details.
 
 
 

Eight Homeowners Endorsements You May Need

cashAn “endorsement” is an addition to the standard policy. Endorsements often, but not always, cost more. The added coverage could mean the difference between a claim that’s covered and paying out of pocket. Here are a few endorsements that you might need to cover frequently overlooked scenarios. Read on for details.

How to Buy Motor Home Insurance

framesWhether you own a deluxe land yacht with all the bells and whistles, a mini motor home, a towable motor home or folding camper, having any type of recreational vehicle represents a change in lifestyle…and insurance needs.
Read on for details.

Get a CLUE, Don’t Buy a Lemon!

A home’s prior loss history can affect your insurance costs. How do you find out about prior insurance claims?
Read on for details.

Life & Health Insurance Advisor – Spring 2018

Watch for Health Insurance Premium Increases

benefits gapReinstating the Health Insurance Act and repealing the individual mandate to purchase insurance could both contribute to a rise in premiums.
Read on for details.

 

Haven’t Saved Enough for Retirement? Here’s a Few Ideas

vision insuranceIf you aren’t on course to save $1 million by the time you retire, you’ll have to get creative. The Motley Fool, a multimedia financial-services company, says that’s the amount of money a couple will need to live comfortably after they retire.
Read on for details.

Life Insurance: When Free isn’t Enough

life insuranceEmployer sponsored life insurance may not meet all your needs.
Read on for details.
 
 
 

How Life Insurance Companies Get to the Truth

Life insurance companies need honest answers to questions about your health to determine appropriate premiums and coverage levels. Some applicants are tempted to leave out or misstate information they don’t see as important — or think will adversely affect their benefits.

Read on for details.

Employee Benefits Report -January 2018

Pharmacogenomics: Better Health and Cost Savings

association health plans
Drugs are formulated for normal physiology. Physicians with knowledge of a person’s unique genetic makeup can better determine which drugs will be most effective. Read on for details.
 

Short- or Long-Term? Which Disability Policy is Best for Your Employees?

2Long-term disability coverage offers employees better financial security. Yet most workers choose short-term coverage
Read on for details.
 
 

The Benefits of Offering Supplemental Life Insurance

3Supplemental insurance allows employees to customize their coverage to meet their individual needs. Read on for details.
 
 
 

Voluntary Benefits Now Almost Mandatory

>More employers are turning to voluntary benefits as a cost-effective way to help employees protect their financial assets. Employees, too, are looking for more robust benefit packages.

Read on for details.

Personal Lines – Winter 2017/18

Five Lessons from Recent Hurricane Losses

phoneDamage from wind and water aren’t the only financial losses that hurricanes can cause.
Read on for details.
 
 
 

Five Ways You Could Accidentally Lose Your Car Insurance

cashForgetting to pay your premiums isn’t the only way to invalidate your automobile insurance. Read on for details.

 
 
 

Do You Need Workers’ Compensation for Household Employees?

framesEvery day, an estimated 2.5 million individuals—mostly women—work in others’ homes, cleaning, cooking and caring for children and the elderly. Although many people treat them as independent contractors, the IRS and workers’ compensation laws may consider these domestic workers “household employees.” If they are injured while working for you, you may be liable for lost-time claims as well as medical payments.
Read on for details.

Does Homeowners Insurance Cover Domestic Workers?

Standard homeowners policies include medical payments coverage, which will pay the medical bills of someone injured on your property, regardless of negligence on the part of the homeowner. However, the policy will not pay if you are obligated to provide workers’ compensation.
Read on for details.

Life & Health Insurance Advisor – Winter 2017

Financially Sound Ways to Give to Minors

benefits gapThere are many options for helping a child secure his or her financial future.
Read on for details.
 
 
 

Is Short-Term Medical Insurance a Good Fit for Your Situation?

vision insuranceIf you missed open enrollment or have certain “life events” short-term insurance can keep you covered.
Read on for details.
 
 
 

Take Steps to Improve Your Financial Retirement

life insuranceMost baby boomers have less than half the assets they expect to need in retirement
Read on for details.

 
 
 

Will Your Health Insurance Cover Your Trip Overseas?

The day has come! You’re headed overseas for the trip of your lifetime. But what happens if you get sick on the trip? Really sick?
Read on for details.