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The Private Benefit Exchange Index inched up, showing an increase for the seventh straight month.
While the Index’s number rose only modestly, there was still a lot of buzz around the online marketplaces. Some operators are expecting to report spikes in the coming months and the list of private exchanges grew. The Business and Industry Association of New Hampshire launched in December a benefits marketplace for businesses in the state, with a focuses on companies with fewer than 50 employees.
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Michael Estep, (president of group insurance) discusses the importance of improving customer experiences, team communication, and making benefits a year-round priority.
A wide range of employers are expressing a greater desire to measure risk, achieve more predictable retirement benefit costs, and retain top talent.
Insurers are financial institutions, not healthcare companies, which has significant implications for how we can fix problems that have been around for years.
With the majority of employees living paycheck to paycheck, faster access to wages can give them a better shot at building financial security.
Only 14% of workers let managers know they're struggling, according to a Headspace report, highlighting a missed opportunity for intervention.
