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What You Need to Know About Stop Loss Insurance

April 23, 2015 by The Insurance 411Leave a Comment

Stop-Loss Insurance

Fifty-five percent of plan sponsors surveyed reported having at least one plan participant with claims that exceeded $500,000 in the last two policy years. Twenty-three percent reported a claimant in excess of $1 million, with 9 percent of those in excess of $1.5 million. (Source: 2014 Aegis Risk Medical Stop Loss Premium Survey). Stop loss...
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Filed Under: Employee Benefits   •  Self-Insurance

Republicans Introduce Their Own Health Care Reform Law

April 15, 2015 by The Insurance 411Leave a Comment

The Patient CARE Act

Republicans in the Senate and House have proposed several bills to repeal President Obama’s Patient Protection and Affordable Care Act (ACA). In January, several legislators introduced the Patient Choice, Affordability, Responsibility, and Empowerment Act (Patient CARE Act), which would create a new health insurance reform plan, in addition to repealing the ACA. The Act’s sponsors,...
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Filed Under: Affordable Care Act - "ObamaCare"   •  Employee Benefits

Identity Theft Insurance = Reputation Protection

April 12, 2015 by The Insurance 411Leave a Comment

Identity Theft

A survey by one vendor found that 39 percent of employees want to buy identity theft insurance through their employer. Are you providing this valuable benefit? Identity theft occurs when someone uses an individual’s personal identifying information—name, address, credit card or Social Security number—without authorization to open new charge accounts, order merchandise or borrow money....
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Filed Under: Employee Benefits   •  Voluntary Benefits

Dependent Care Benefits: Valuable but Threatened?

March 28, 2015 by The Insurance 411Leave a Comment

Dependent Care

In his State of the Union address, President Barack Obama promised to “streamline child care tax incentives” to help 5.1 million families. But his proposal could jeopardize dependent care savings accounts, a benefit valued by millions. Around the same time as the State of the Union address, the U.S. Bureau of Labor Statistics released a...
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Filed Under: Benefits Management & Compliance   •  Employee Benefits

Affordable Care Act Update

March 28, 2015 by The Insurance 411Leave a Comment

ACA Update

The Supreme Court has been hearing arguments in King v. Burwell, which could decide the fate of the Affordable Care Act (ACA). Meanwhile, other changes have affected administration of the ACA. No More Skinny Plans: In past articles, we’ve discussed so-called skinny plans, or medical plans that large employers have argued would fulfill their requirement...
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Filed Under: Affordable Care Act - "ObamaCare"   •  Employee Benefits

FLMA Leave Benefits Now Apply to Employees in Same-Sex Marriages

March 28, 2015 by The Insurance 411Leave a Comment

FMLA Benefits

In February, the U.S. Labor Department updated the Family and Medical Leave Act’s (FMLA) definition of spouse. This extends the benefits under the FMLA to workers in legal same-sex marriages, regardless of where they live. The Department of Labor’s rule change updates the FMLA so the law complies with the U.S. Supreme Court ruling in...
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Filed Under: Benefits Management & Compliance   •  Employee Benefits

Update on Wraparound Healthcare Plans

February 20, 2015 by The Insurance 411Leave a Comment

Wraparound Plans

In December 2014, the U.S. Departments of Labor, Health and Human Services and Treasury issued proposed rules that would allow employers to offer limited “wraparound” plans. This would give employees access to high-level benefits, even if they would lack generous employer-based benefits otherwise. The rule proposes two pilot programs for wraparound coverage. One pilot would...
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Filed Under: Affordable Care Act - "ObamaCare"   •  Employee Benefits

Can Financial Education Improve Productivity?

February 18, 2015 by The Insurance 411Leave a Comment

Financial Education

If you’re considering wellness programs to improve employee health and productivity, don’t overlook the importance of financial health! According to an American Psychological Association (APA) poll released recently, the majority of Americans feel financial stress. Among people surveyed in August 2014, 72 percent said they had felt some financial stress during the past month. Twenty-two...
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Filed Under: Employee Benefits   •  Wellness

Caregiving: It’s Not Just For Children Anymore

January 27, 2015 by The Insurance 411Leave a Comment

Caregiving for the elderly

A record 57 million Americans — or nearly one in five people in the U.S. — live in multigenerational households, according to the Pew Research Center. Some of this growth is due to adult children moving back home, but more and more elders are moving in with their children. In 2012, 22.7 percent of adults...
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Filed Under: Benefits Management & Compliance   •  Employee Benefits

Four Tips For Selecting the Right TPA

January 27, 2015 by The Insurance 411Leave a Comment

How to Select the Right TPA

Administering payroll, benefits, time and attendance cost mid-sized employers $2,000 per employee annually, according to a 2011 PricewaterhouseCoopers study. Commissioned for payroll provider ADP, the study found that large employers typically paid a bit less, at $1,400 per employee per year. It’s no wonder that many employers turn to third-party administrators. Some employers choose to...
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Filed Under: Benefits Management & Compliance   •  Employee Benefits

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