Why Life Insurance Is a Smart Investment

It’s considered the cornerstone of sound financial planning. Despite recent reports about sharp increases in some life insurance premiums, financial experts say life insurance is a vital part of a family’s financial stability and a smart investment. Experts cite several reasons why people should buy life insurance: Replaces income following a person’s death. For those…

Disability Income Insurance Protects Your Most Valuable Asset

Most people don’t plan for a debilitating accident or illness during their working years. But three in 10 workers entering the work force today will become disabled before retiring. And only five percent of disabilities are work-related—meaning 95 percent of people with disabilities will not qualify for workers’ compensation benefits. Most of us know people…

2016 Cost-Sharing Limits, Reinsurance Fee, and Other Changes Related to the Exchange

In late February, the Department of Health and Human Services (“HHS”) changed cost-sharing and transitional reinsurance program fee limits and released standards for health insurers and the Exchange (a.k.a., the Health Insurance Marketplace). Below identifies a few items of note for employers. 2016 COST-SHARING LIMITS For 2016, the maximum annual out-of-pocket limits for non-grandfathered plans are…