Voluntary benefits

The employee purchase program vendor enters the financial wellness space with a new service.

Commentary: EBA columnist Nelson Griswold says benefits RFPs are universally awful and HR should abandon them. Advisers, he says, should also be wary of them.

A successful employee benefit program has to be in harmony with the culture of the organization.

Trying to institute a wellness initiative in a poor corporate culture is like making dinner with rotten ingredients.

Despite potential savings offered, voluntary programs that provide discounts on products, services and tickets to employees are rarely used and seeing almost no growth year-over-year.

Netflix's newest offering to new mothers and fathers is probably the most generous parental leave policy in the U.S.

Advisers are needed now more than ever to help individuals reach their retirement goals as employees assume the responsibility of managing their financial future.

Advisers who provide a variety of distribution methods, year-round support and targeted messages help employees better understand their benefits, which leads to increased participation.

Offering benefits and health programs is one thing, but ensuring your employees are using the right benefits at the right time is another.

Focusing on the end result of what voluntary benefits can do for an employer makes the proposition of introducing the products a no-brainer, says Willis’ Mike Meredith.

As employers look to curb rising health care costs, new research connects on-site health care clinic usage and claims costs, with some surprising savings results.

Commentary: Without a successful enrollment strategy, participation will be low and everyone loses.

Workplace benefit plans are key part of employees’ future financial success but the majority of employers don’t think their employees value the benefits that are offered.

Starting a wellness program may feel like rocket science, but it can actually be quite easy.

The honor recognizes extraordinary contributions such as significantly increasing a firm’s sales and/or market share, providing strategic consulting to help clients achieve their highest goals, fostering employee benefit innovations, advocating successfully for adviser causes and, in general, elevating the status of all women in the profession.

Commentary: As a broker offering these benefits to your employer groups, it is important to become proficient in voluntary benefits or choose to outsource this expertise.

What would you do differently if you could recreate your voluntary benefits program from scratch?

Worksite voluntary benefits are gaining in popularity on standard ancillary benefit offerings, but the adviser’s sales approach to each needs to be varied.

Commentary: It is not necessary to have an intricate knowledge of every IDI product provision to help clients get the income protection they need.

Commentary: Insurance is complex and relying on technology alone for employee education isn’t realistic.