Employer Strategies

Three major U.S. health insurers that provide coverage to millions of Americans said they would keep some protections included in President Barack Obama's health care overhaul regardless of how the Supreme Court rules on the law.

U.S. Health and Human Services Secretary Kathleen Sebelius said on Thursday the administration will be ready to respond if the Supreme Court strikes down all or part of the health care reform law in a landmark ruling expected this month.

Women – whether they’re a working or stay-at-home mom, single or married – are most at risk both financially and physically when it comes to disability, according to a new study conducted by The State Farm Center for Women and Financial Services at The American College.

In a business environment marked by increased customer demands, insurers have been forced to continuously monitor and revise their distribution strategies. One of those strategies is to provide excellent service to the producer as a way to retain and grow business. According to a new report issued this morning by Celent, from January 2010 to March 2012, more than 50 insurers across the life, annuities, health, or property/casualty industries licensed new systems that contained commission and producer management functionality.

Health care reform likely enabled about 6.6 million young adults to join their parents' health insurance plans last year, a report found on Friday, though problems with medical bills and debt remained an issue.

The majority of employees would be willing to give up 5% or more of their salary if it meant having reliable income to help them live comfortably during retirement, according to data released today by Bank of America Merrill Lynch.

Health care reform enabled an estimated 6.6 million young adults to join their parents' health insurance plans last year, according to a Commonwealth Fund report, though problems with medical bills and debt remain an issue.

Employers around the country are waking up to a serious and unexpected problem with their health care flexible spending accounts. The health reform law enacted several years ago quietly limited these popular “FSA” benefits to $2,500 per year, effective January 1, 2013. But the express terms of the law conflict with the explanation provided by Congress, and many employers have been scratching their heads trying to figure out when plans must be changed to meet…

A former human resources employee who worked for Bernard L. Madoff Investment Securities pleaded guilty to five criminal counts, including sending forms to the Department of Labor about people who were not employed by the firm, even though they were on payroll and provided benefits. He also admitted to filing false U.S. individual income tax returns. The charges carry a maximum possible prison term of 19 years.

Despite national economic and employment uncertainty, many American workers who identify themselves as top performers are thinking about changing jobs. In line with research showing the recent uptick of voluntary turnover in the workplace, the 2012 Aflac WorkForces Report revealed nearly half of U.S. workers (49%) are at least somewhat likely to look for a job this year. More troubling for employers, a majority of those who say they are extremely or very likely to leave their jobs describe themselves as the kind of workers companies need to retain to remain competitive in a tight economy.