Benefits Think

Years from now, terminated employees may discover they have less income in retirement due to an automatic rollover or automatic cash-out from a previous employer.

It’s more important than ever to ensure the team is engaged in their piece that rolls up to the overall success of the organization.

Second opinion services provide employees with exclusive access to physicians at the world’s top ranked hospitals even when they are part of narrow networks or otherwise unable to get in to see top physicians.

"No one has ever asked me, 'What’s your journey been like as a black woman financial adviser? How can I help you?'" says adviser Zaneilia Harris.

Employers are in a unique position to address employees' financial struggles, as benefits programs are a powerful tool that can help support employees in meeting their current and future financial needs.

Leading through this crisis requires empathy for what people are going through now and understanding how living through this crisis will shape people’s expectations around work and non-work lives.

In order to maximize the plans fiduciary responsibilities, a contract with appropriate terms and definitions must be in place to allow the plan to exercise their right to carve-out prior authorization.

Around 63% of workers say their company could do more to support their emotional and mental health during the COVID-19 pandemic. Within this group, 22% said their company’s response was “barely adequate,” “a disaster” or “non-existent.”

Instead of choosing a one-size-fits-all plan for a group, employers can offer fixed reimbursements that employees can use to purchase their own insurance or use for medical expenses.

Many organizations have taken significant steps to reduce employment costs, and nearly a third already have or plan to furlough workers, with another 19% saying they might if necessary, according to a survey by Unum.