Voluntary benefits

Critics of the Patient Protection and Affordable Care Act (PPACA) once warned that the law would decimate mini-med plans – that is, until the U.S. Health and Human Services Department (HHS) issued regulatory guidance.

Employers are expected to invest more money to protect personal information in response to increased government regulation and enforcement and to stem the rising tide of risk, according to a new report released by Ernst & Young.

The latest news on industry movers and shakers concerns one seasoned executive’s career move and a veteran disability insurance agent earning kudos for his staff from a leading carrier for a thirteenth consecutive year.

The voluntary benefits bandwidth for independent insurance agents and brokers is growing, thanks to a recent industry partnership.

Be sure to mark your calendar for a series of online educational forums in 2011 on disability and absence management co-presented by two industry leaders.

Nothing in life is guaranteed, but working Americans increasingly are in search of flexible income-protection products that will offset market volatility.

The National Business Group on Health has launched an ambitious, three-year initiative aimed at helping employers design benefit plans that reflect the latest information and expert recommendations on cancer treatment and prevention.

Worksite voluntary benefits as we know them are dead. Driven largely by the spiraling cost increases in group health insurance, over the past decade or so employers have been shifting benefit costs to employees.

According to WellPoint Inc. research, 83% of American employees think more highly of employers that offer voluntary insurance benefits than those that don't.

Most economists seem to agree that we are in the middle of a slowly expanding economic recovery. What will be the long-term impact of this historic financial collapse and recovery on the employee benefit and voluntary landscape?

In recent years, employers increasingly have embraced the opportunity to enhance their employee benefit packages by offering access to voluntary benefits such as dental, long-term care, and property and casualty insurance.

The shift to health consumerism hasn't escaped dental benefits. And if health care costs continue to squeeze benefit budgets, then more employers might start turning to voluntary dental plans.

The nation’s the largest health care and voluntary benefits software provider recently teamed up with NASCO to burnish a technology investment made by Blue Cross and Blue Shield plans and improve CareFirst BlueCross BlueShield’s billing system efficiency.

Three months after a leading private equity firm sought to acquire all of Pre-Paid Legal Services Inc.’s common stock for $60 per share in cash, another suitor has come calling for the provider of legal services through the worksite and individual markets to more than 1.5 million families across North America.

Although life insurance made modest gains in the third quarter of 2010 when gross written premiums were up 6% from the same period a year earlier, an Aite Group report notes that premiums fell to historic lows in 2009 when the product was considered an unnecessary discretionary purchase.

Two recent reports on disability issues conclude that fewer working Americans filed such claims during the height of the economic downturn and that there’s a serious misunderstanding about disability and the value of income-protection planning.

Of the 568 short-term disability, accident and critical-illness claimants with voluntary policies from Unum responding to an independent customer-satisfaction survey, 90% said they would recommend the carrier to their co-workers.

Dearborn National’s Worksite and Individual Solutions division hopes to reach new heights with Mountain Vista, a new term life plan aimed at working-class Americans with premiums projected to be level for 10, 20 or 30 years.

Helping employees understand the language of finance enables benefit advisers to better meet the needs of clients ...

The value of cyberspace during open enrollment is at least on equal footing with face time, suggest two recent unpublished surveys of employees and carriers that sell voluntary benefit plans.