You’ve worked hard to choose and provide the right group health benefit plan for your employees. The premiums are reasonable, the deductibles are low and plan participants have a good choice of health care providers. That’s a good start, but there’s something else you should do — educate your employees. The more your employees know…
Drugs are formulated for normal physiology. Physicians with knowledge of a person’s unique genetic makeup can better determine which drugs will be most effective. Anyone who has watched a commercial for a prescription medication expects to hear a disclaimer warning of potential health hazards. Possible side effects — depending on the medication — can range…
The U.S. Department of Labor (DOL) announced a final rule on December 16, 2016, revising the claims procedure regulations under ERISA for employee benefit plans providing disability benefits. The final rule revised and strengthened the prior rules by adopting certain procedural protections and safeguards for disability benefit claims that were currently applicable to claims for…
A particularly virulent influenza strain, H3N2, was responsible for a record number of illnesses, hospitalizations and deaths this winter. U.S. health officials say that flu-related hospitalizations were the highest they’ve been in 10 years. The Centers for Disease Control and Prevention estimated that there were almost 82 laboratory-confirmed influenza-associated hospitalizations per 100,000 population, breaking records…
Long-term disability coverage offers employees better financial security. Yet most workers choose short-term coverage Can you imagine what it would do to your financial situation if you could not work for 35 months? Losing almost three years of wages would be devastating to anyone. Sadly, that’s the average long-term disability absence for American workers, according…
From New York State Workers’ Compensation Board: There are still spaces available for next week’s Spanish-language Paid Family Leave webinars for employees and employers, hosted by Board Chair Clarissa Rodriguez. Each webinar will be approximately one hour long and will include time for questions and answers. Space is limited, so please register soon. When you click ‘register…
Can Amazon, Berkshire and JP Morgan Chase Forge a New Healthcare Frontier? By Mike Turpin, USI Executive Vice President Leader’s Edge magazine, March 2018 Three of America’s most admired companies—Amazon, Berkshire Hathaway and JPMorgan Chase—representing close to two million employees, recently announced the formation of a company to tackle the unsustainable and surging costs of healthcare…
Healthcare is complicated! Hear from Mary Jo Jacobs of USI Insurance Services as she joins an esteemed panel of experts in a panel conversation to discuss the challenges of providing healthcare coverage and keeping costs down in today’s environment. The Westchester County Association (WCA) is hosting this educational networking event, which will be moderated by David…
Due to the new tax reform law adjusting how annually indexed dollar amounts are calculated, on March 5, 2018, the Internal Revenue Service (IRS) released Revenue Procedure 2018-18 announcing that it has recalculated some of its previously-released 2018 limits for health saving accounts, Archer medical savings accounts, adoption assistance programs, and the small employer health…
You spend valuable time and money to offering benefits to your employees. So imagine how frustrating it would be for you and your employees if they were unable to enjoy the benefits they deserve. This is where employee education pays off — especially when the subject is disability benefits. It’s easy to make a mistake…
Once you establish a 401(k) retirement plan for your employees, you might think your work is done. However, despite your retirement plan carrier’s best efforts to educate employees on how to make good investment decisions, many employees do not have appropriately diversified portfolios. One way to improve their retirement plan returns is to move all…
More employers are turning to voluntary benefits as a cost-effective way to help employees protect their financial assets. Employees, too, are looking for more robust benefit packages. A 2017 Aflac WorkForces Report reveals that 77 percent of employees expect their employers to offer dental insurance, while 70 percent want vision insurance. Nearly half of large…
