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 Caree

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.

Employee Benefits Report – October 2017

The What, Who and How Much of Offering Life Insurance

association health plans
As an employer you are in a unique position to offer your employees an easy way to purchase a valuable benefit, costing them less than if they purchased it on their own. Read on for details.
 

Strategies for Making Your Wellness Program Pay Off

2Wellness programs are promoted as win-win. Employers save money on health care benefit costs. Employees improve their health.
Read on for details.
 
 

New Ways to Keep Health Care Benefit Costs Down

3After salaries, Health care benefits are an employer’s largest employee-related expense, according to the Bureau of Labor Statistics. A 2016 survey by the Society for Human Resource Management (SHRM) pegged the annual cost in 2016 at $8,669 for each employee. Read on for details.

Group Health Costs Continue to Climb

It could cost you five percent or more to provide your employees with health care benefits in 2018.
After surveying large employers, the National Business Group on Health released a report on plan design costs this summer.

Read on for details.

Personal Lines – Fall 2017

Five Practical Tips for Buying the Right Car Insurance at the Right Price

phoneIf you need insurance for a new car or you’ve been routinely renewing your car insurance with the same coverage and limits every year, it makes sense to evaluate your options before buying or renewing. Here are five practical tips:
Read on for details.

Protecting Your Family from Dog Bite Liability

cashThe Insurance Information Institute (III) reported that dog bite claims cost an average of $33,230 in 2016, an increase of 36% since 2008. If you own one or more dogs, do you have the insurance coverage to protect you from dog bite liability? Read on for details.
 

Do You Know What’s REALLY in Your Homeowners Policy?

framesMany homeowners don’t. The Insurance Information Institute surveyed homeowners to find out how well people understand their policies. Here are some of the findings of the III’s 2016 Consumer Insurance Survey.
Read on for details.

 

What Is a “Bite”?

Sometimes legal disputes arise over what exactly constitutes a “dog bite.” If the laws of the community where the bite occurred do not specifically define “bite,” courts generally hold that the dictionary definition applies. Webster’s Dictionary defines “bite” as: “To cut, tear, or grip with or as if with the teeth.”
Read on for details.

Life & Health Insurance Advisor – Fall 2017

Individual Health Care Marketplace Faces Serious Hurdles

benefits gapThere is good news and bad news on the individual health care front. First the bad news.
Read on for details.
 
 
 

Smart Ways to Plan for Retirement Savings

vision insuranceIf you have already started saving for your retirement, congratulations! You’re on the right path. However, just saving money will not be enough to ensure a comfortable retirement if you don’t make the right decisions concerning your plan.
Read on for details.

Critical Questions to Consider When Designating a Life Insurance Beneficiary

life insuranceLife insurance is a wonderful gift to leave your beneficiaries. They can use the proceeds to meet their financial needs, such as paying for housing, or helping them to reach their goals, like going to college.
Read on for details.
 
 

Should You Insure Your Loan Payments?

The Internal Revenue Service (IRS) allows you to deduct medical expenses on your tax return — potentially saving you a significant amount in taxes. To get these savings, you must keep detailed records. Therefore, it’s never too soon to start planning for the April 17, 2018, tax deadline.

Read on for details.

Employee Benefits Report – July 2017

The American Health Care Act: A Bill in Transition

association health plans
Wondering how the changes to the Affordable Care Act (ACA) will affect you? You’ll have to be patient. The American Health Care Act (AHCA) bill is still in flux. Possible enhancements or repercussions are only educated guesses at this time. Read on for details.

Voluntary Benefits: The Upside of Giving Employees a Choice

2Many employers rely on a robust benefit package to attract and retain employees. The challenge is determining which benefits will appeal to a diverse employee base.
Read on for details.

It’s the Law: Benefits You Must Provide Employees

3Employers have a lot of options for increasing the appeal of their benefits plans. But there are also certain minimums to comply with — benefits required by law. Read on for details.

Want an Edge Attracting and Keeping Millennials? Consider Offering Pet Insurance

The Nationwide insurance company estimates that 65 percent of Americans own at least one pet. Of those pet owners, the American Pet Products Association estimates 24 percent are millennials.
Read on for details.

Personal Lines – Summer 2017

What If Somebody Sues You?

phoneIn many instances, your homeowners insurance will cover you. You buy homeowners insurance to protect your home and your personal property. Many people don’t realize their policy also protects them from liability lawsuits and claims.
Read on for details.

Do You Need a Boat Insurance Policy?

cashIn 2015, the Coast Guard counted 4,158 recreational boating accidents that involved 626 deaths, 2,613 injuries and approximately $42 million dollars of damage to property. If you own or regularly operate a boat, you probably need more coverage than your homeowners policy provides. Read on for details.

Identity Theft — Bad News and Good News

framesIn 2016, financial losses due to personal identity theft totaled $16 billion and affected 15.4 million U.S. consumers, according to the 2017 Identity Fraud Study, released by Javelin Strategy & Research. In the past six years, over $107 billion has been stolen by identity thieves.
Read on for details.

Are Telematics in Your Future?

If you own, drive or even ride in a car, the answer is yes. By 2022, there will be an estimated 2 billion connected vehicles on the road worldwide. “This transformation will impact insurers, repairers and original equipment manufacturers (OEMs), creating new risks and opportunities,” according to Mac Fraser, a spokesperson for CCC Information Services.
Read on for details.

Life & Health Insurance Advisor – May 2017

What Republican Changes to the Affordable Care Act Mean to You

benefits gapMany Republicans believe that, even though the new plan is more oriented to the free market, it doesn’t go far enough to fix the ACA’s problems. While Democrats are concerned that millions of Americans will lose access to healthcare coverage. Read on for details.

 

How Long-Term Care Insurance Can Help You Avoid a Nursing Home Stay

vision insuranceLong-term care insurance is best known as a way to cover nursing home costs, but most claims are for in-home care. Read on for details.
 
 
 

How Likely Is Prescription Drug Price Reform?

life insuranceHealthcare costs have skyrocketed and experts say the cost of prescription drugs is one of the culprits. Particularly troubling is the fact that some drug companies have increased prices of some medications for no obvious reason.
Read on for details.

How to Make Dental Coverage More Accessible to Older Americans

Experts agree that steps must be taken to make dental care coverage more accessible and affordable for older Americans. Fortunately, there are several solutions available. Read on for details.