Last week, the Department of Health and Human Services (HHS) released a proposed rule to lower prescription drug prices and out-of-pocket costs by encouraging manufacturers to pass discounts directly to patients and bring new transparency to prescription drug markets. Please note, nothing has changed yet, as this is only a proposed rule. Even if finalized in its current…
USI Strengthens Commercial, Employee Benefit and Personal Risk Presence in Northeast Region USI announced earlier this week the acquisition of New York-based GFI Insurance Brokerage. For more than 15 years, GFI Insurance has been delivering commercial property and casualty, employee benefit and personal risk solutions to clients in the Northeast region. Commenting on the announcement, James…
Many companies worry about their employees’ long-term financial security, particularly whether they are saving enough for retirement, but surprisingly few have built retirement plan offerings that sufficiently address these challenges. Learn more about USI Consulting Group (USICG) solutions and strategies to maximize retirement savings: https://lnkd.in/gumKMaK
In case you missed it, USI’s national health care practice vice president, Jeff Levy, was featured in Business Insurance Magazine’s November 2018 cover story, “Telemedicine expands care, adds exposures.” In the article, Jeff states, “We’re a mobile society. We are a consumer-driven society. We have to get our health care when it’s convenient for us, not when…
Throughout the month of December, 2018, USI’s New York City office held a coat collection for New York Cares. The team collected enough coats to keep 21 adults and children warm through the upcoming winter months! The coats will be distributed to homeless shelters, community centers and public schools throughout New York City. USI Vice…
By: Mary Jo Jacobs, Vice President, Employee Benefits USI Insurance Services Last week, I had the pleasure of bringing together a powerhouse of New York nonprofit professionals at the Boys & Girls Club of New Rochelle’s (BGCNR) Keystone Leadership Talk Series. Thanks to USI Northeast’s support for the Club and this phenomenal event, we were able…
Your employees can enjoy the benefit of paying their long-term-care insurance premiums tax free — if you offer a Health Savings Account (HSA). Funded with employees’ pre-tax dollars, HSAs are not subject to taxes when withdrawn for qualified medical expenses. Employers can only offer HSAs if the HSA account is tied to a high deductible…
Although the U.S. economy is strong and the stock market continues to rise, most employees are worried about the future. Purchasing Power, a specialty e-retailer for organizations, reports that 87 percent of full-time employees or their spouses are stressed about their finances — with insufficient retirement savings near the top of the list. MassMutual, a…
How much do you know about life insurance? Take the following quiz to find out: 1. Life insurance is the most commonly offered employee benefit, after health insurance. True or false? True. According to the Bureau of Labor Statistics, 55 percent of all workers in private industry have access to life insurance benefits (2016 figures).…
Few people can imagine a day when they will be too ill or injured to work. Unfortunately, it’s not that uncommon. According to the Council for Disability Awareness, more than one in four of today’s 20-year-olds can expect to be out of work for at least a year because of a disabling condition before they…
Many studies have shown the positive benefits of having pets. Your employees would likely agree. If they’re like most Americans, 39 percent have at least one dog and 33 percent have at least one cat. And many Americans consider their pets as family members. Love isn’t free, though. The Ontario Veterinary Medical Association has estimated…
Employer-sponsored life insurance is the way most Americans receive coverage. There are important decisions to make when offering coverage to employees. More Americans now have life insurance coverage through their employer rather than with individual policies. According to the Life Insurance Marketing and Research Association (LIMRA), 108 million adults and children receive employment-based life insurance…
