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Commentary: The Department of Labor fiscal year fact sheet for 2014 has some real interesting and scary facts.
The DOL claims that the Employee Benefits Security Administration (EBSA) oversees the administration of 684,000 retirement plans, 2.4 million health plans and probably as many other welfare plans like disability and life insurance plans. Thats a lot of benefit plans.
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Brokers can model ICHRA versus group plans and benchmark contributions against various metal tier plans such as gold plans.
As healthcare expenses approach double-digit increases, employers are looking for savings in waste, care delivery, and plan administration before cutting benefits.
Incorporating technology into the benefits selection process frees up time and energy better spent on human-centric areas of support.
MetLife’s president of U.S. business shares why improving employees’ benefits literacy results in them making smarter choices for their health and financial wellness.
As artificial intelligence continues to move into the mainstream, opportunities abound for eliminating confusion, personalizing content and improving outcomes.
