Employer Strategies

Employee benefits are going digital and these new entrants are disrupting the market with products and services focused on wellness, employee engagement and more.

Plan sponsors would be wise to ask their healthcare vendors if they have insurance policies in place to cover data breaches and other risks, according to USI’s Paul King.

When launching a new 401(k) program, or revamping an existing one, employers have much to consider, including eligibility, waiting periods, employer matching, plan loans and automatic features.

Insurers are getting more aggressive in promoting their voluntary products to brokers through better online tools, including improved agent portals.

Thoughtful use of incentives and creating a strong network of supporters are ways employers can encourage participation, says Dr. Sam Ho of UnitedHealthcare.

A group of insurers, pharmaceutical companies and employers is calling on publicly traded corporations to report on the health of their workforces in annual reports, 10-Ks, sustainability reports and other SEC documents.

To deliver real value for groups under 100 lives brokers must have more than a salesperson’s mindset, says Sutter Health Plus’s Monica Majors.

Some 23% of Americans with jobs said they planned on being septuagenarian employees, up from 16% in 2009, according to recent research.

Brokers and employers are embracing it, but facing limitations with carrier IT capabilities, says Warner Pacific’s John Nelson.

Workers are nearly twice as likely to choose the financial protection products when they’re offered through their employer, finds a recent Cigna study.