The traditional model of the benefits brokerage is terminal and on life support. As I talk with brokers and consult with agencies across the U.S., there's a growing desperation as they realize that "carrying quotes" isn't enough anymore. Even modifying the plan design and then shopping the medical for the lowest quotes no longer will get - or keep - the account.

In case you have not noticed, there has been a flurry of regulatory activity surrounding defined contribution plans and DC advisers in particular. While there will be greater disclosure requirements, more advisers will be considered a fiduciary and it will be harder for advisers to represent a DC plan and the participants at the same time. Experienced DC advisers can use this activity to further distinguish themselves and grow their businesses.

The majority of employers want to prepare employees for a financially secure retirement, but have found educational campaigns unlikely to result in substantial changes in behavior. Employers walk a fine line when they implement automatic features; some argue that they enable lax saving habits and investment ignorance by funneling participants into plans automatically. On the other hand, Steve Utkus, director of Vanguard's Center for Retirement Research, recommends that employers use "participant inertia to their benefit and do it exclusively with plan design."

Hundreds of National Association of Health Underwriters members attending the organization's 81st annual convention June 26-29 were treated to a round of "Don't Stop Believing" by Journey as the convention kicked off in San Antonio - setting the stage for the positive outlook promoted by NAHU throughout the event.

Due to the economic recession and the potential for increased health insurance costs brought about by health care reform, many employers are beginning to view self-funded health care plans as a more attractive option than fully insured plans.

Rural Americans are more likely to suffer from chronic health conditions such as diabetes, heart problems and cancer, and face greater difficulty getting quality health care than their urban counterparts, according to a report released Wednesday.

The Centers for Medicare and Medicaid Services is nearly ready to issue a proposed rule requiring health insurers to develop standardized, consumer-friendly summaries of benefits and coverage under their health plan packages.

According to a new survey from Symantc Corp., the negative consequences from a social media misstep cost a typical employer $4 million per year. For a 140-character message on Twitter, that’s more than $28,000 per character — an eye-popping sum that will make HR/benefits professionals want to literally watch employees’ Ps and Qs on social media sites.

A new bill introduced in the Senate last week could help consumers keep their employer-sponsored flexible spending account funds at the end of the year.

President Ronald Reagan was famously known as the “Great Communicator.” In a commentary for the New York Daily News to mark what would have been Reagan’s 100th birthday, Fred Thompson said Reagan’s reputation as The Great Communicator “boils down to three basic traits: he was simple; he was clear; he was sincere.” …

A recent survey shows that both employed and unemployed job seekers look beyond the money, to the benefits

On July 11 when Health and Human Services (HHS) Secretary Kathleen Sebelius, announced rules for the new state health insurance exchanges, she did so with an air of caution, telling stakeholders to expect more modifications before they become final. That may prove to be an understatement.

People who have trouble reading and understanding health information may also be worse off when it comes to their actual health, a new research review finds.

An online cartoon is changing the way employees think about voluntary benefits.

Nationwide Better Health, part of Nationwide Mutual Insurance Company, will close its doors in September after five years in the wellness and productivity business.

Lincoln Trust Company has introduced the Personalized Expense Ratio for the 401(k) plans that it administers. The ratio is designed for participants, plan sponsors and advisers to see the actual cost of their plans without having to perform calculations themselves.

Health insurer Aetna will double the size of its business of administering consumer health care accounts with a $202 million acquisition of PayFlex Holdings, which does business as PayFlex Systems.

While recent legislation has sparked debate about suitability versus fiduciary standards, a majority of investors do not understand the difference between the two, a survey by J.D. Power and Associates finds.

It may be strange to read about a hot dog firing, but the case of Nolan Koewler of Evansville, Indiana is an incredible example of why you need to be clear with all of your employees, and post notices so everyone gets the message.

As major market changes loom, one report says health insurance providers that wish to access this giant pool of potential customers will need to shift toward a consumer-focused model.