Employer Strategies

Long-term care (LTC) insurance is back in the headlines, with several leading insurance carriers seeking rate increases to help offset investment shortfalls in an ultra-low interest rate environment and greater-than-expected plan usage.

The SPARK Institute has sent a comment letter to the Securities and Exchange Commission asking it to modify its proposed 12b-1 fee rule.

Flush with victory from election night, Republican strategists are delving into possible measures to repeal or significantly hamper existing health care reform legislation.

The controversy over discrimination in employment based on appearance is heating up again. Newsweek recently reported that 57% of hiring managers said qualified but unattractive candidates will have a harder time landing a job.

The Department of Labor’s new 401(k) fee disclosure requirements that take effect Jan. 1, 2012 go far beyond disclosing mutual fund expense ratios to cover every nook and cranny of expenses in plans, right down to indirect service providers, speakers said at the FundForum USA 2010 conference in Boston Nov. 1.

The Department of Health and Human Services and Federal Trade Commission will hold a day-long roundtable discussion, which will also be accessible via a live Web cast, to solicit industry input on privacy and security requirements for personal health records and related service providers.

It’s November, which means three things: open enrollment, turkey dinners and long-term care. Today (Nov. 1) marks the beginning of Long-Term Care Awareness Month, a concentrated push to get employees thinking about how they plan to receive and fund care in their later years.

Most employers say they value their employees. After all, it would sound pretty harsh for an employer to say that its employees are, with a few exceptions, a bunch of idiots who can seldom do anything right.

Only a tiny percentage of pet owners in the United States have insurance for their pet, but according to the American Pet Products Association, about 62% of U.S. households have a pet. Clearly, the pet insurance is a market ripe for growth. "The message there is in the opportunity to increase participation for consumers and for groups," says JoAnne Novak, VP, business development with Hartville Group, Inc., and its flagship brand ASPCA Pet Health Insurance.

Sun Life Financial Inc. recently enhanced its emergency travel assistance service for group basic life customers by adding identity theft protection.