Benefits Think

The CARES Act waiver of penalties for premature 401(k) withdrawals may hurt the very American workers and families the Act is supposed to help.

The coronavirus pandemic has demonstrated how incompatible the workday is with raising children.

Employees who are still at work now have a vested interest in adding financial protections for themselves and their families — whether it comes through supplemental health coverage or additional welfare coverage.

We need to ensure that our workers have all the coverage they need to support themselves and their families while recovering from any major health event.

The growing costs faced by today’s health care purchasers and plan members have many returning to proven strategies like V-BID, which lowers or eliminates the out-of-pocket cost for high-value services or medications.

Business will have to make virtual engagement central to their strategy. The firms that get a head start with video now are the ones who will thrive tomorrow.

One possible solution is for employers to add a new temporary dependent care benefit, whereby employers can cover dependent care expenses with an expanded set of expense coverage.

Capital Insurance Agency’s David M. Moore, Sr., (1940-2020), led with his “heart, passion and grace.”

Telehealth can meet the need for both expanded healthcare resources and for avoidance of in-person contact that may promote disease transmission.

Employers need to be proactive in addressing employee needs as they rapidly evolve during the current crisis.