Benefits Think

  • It’s getting close to Halloween, which has many of us thinking about ghosts, witches, vampires and zombies. Apparently, the Obama administration is even getting into the spirit of the season, with a zombie of its own. Perhaps, though, you know it better as the CLASS Act. CLASS (Community Living Assistance Services and Supports) is the famous/infamous portion of the Patient Protection and Affordable Care Act that would allow voluntary enrollees to participate in a public long-term care…

    October 13
  • The White House is counting long-term care premiums collected under the CLASS Act as $80 billion in deficit reductions over the next decade. However, AP reports, CLASS has yet to be funded while the administration tries to figure out how to keep the program solvent — while still claiming the savings.

    October 12
  • Open Enrollment. Those two words are at once frightful and insightful. It’s a time when you’re able to make decisions with clients and do the work you love to do, but it’s also filled with late nights, long meetings, and at times, intense frustration. Research has shown that the open enrollment period also is a time of added stress for employers seeking to protect their financial health while offering a cost-effective and robust health plan for…

    October 11
  • According to Walgreens, last flu season resulted in 100 million lost work days and nearly $7 billion in lost wages. In addition, Walgreens projects that nearly 2 million business trips were cancelled last flu season.

    October 7
  • I know of someone who is surviving the unthinkable, the impossible. Perhaps an indication that I've been in this business too long, her loss made me wonder about bereavement policy.

    October 6
  • Here’s a scenario for you: a group health and wellness client you’ve represented for over ten years approaches you to be his/her adviser on a 401(k) plan. Congrats! You’ve worked hard to position yourself as a valued adviser. No doubt you’d like to reap the fruits of your labor. But your next action is extremely important. It may have not only ethical consequences, but legal ones as well. It is vital that you go forward with a…

    October 6
  • I love hearing about random national holidays—like National Banana Day and National Hug Day. The latest I heard about actually occurs today (Oct. 4): Get out your party hats for National Improve Your Office Day!

    October 4
  • According to recent studies employee and employer perspectives on voluntary benefits vary greatly. Read in today's BeAdvised about one possible explanation for the discrepancy.

    October 4
  • My way of helping to honor Breast Cancer Awareness Month is through today’s guest post from Deborah Sternberg, EVP at Always Care Benefits and Starmount Life Insurance Company, who articulates better than I could the important role your benefits plans play in combating breast cancer. Enjoy, and as always share your thoughts in the comments.

    October 3
  • Weight management is a popular wellness trend as the country deals with the health implications of obesity in our society. Similarly, benefits communications have become more and more bloated. Brokers need to help their clients communicate their benefits suite properly.

    October 3