Research shows that American workers depend on workplace benefits for financial security but most need more direction to maximize their options
Open enrollment season has begun, and 74% of middle-income Americans derive the majority of their financial security from workplace benefits, according to the 2014 Guardian Workplace Benefits Study. Despite the importance of benefits, only 1 in 4 employees finds their company’s communications helpful in choosing what’s right for them. Many simply check the same coverage boxes year after year without evaluating if these benefits really meet their unique needs.
This disconnect is occurring at the same time more [...]
Atlantic Information Services, a news site focuses on healthcare issues released a new analysis explaining recent trends in the healthcare insurance buying market. The report argues that despite many industry observers who expected that the Affordable Care Act’s (ACA) individual mandate would spur more individuals to take advantage of employer offerings and avoid being penalized, and a recent announcement by Wal-Mart Stores, Inc. of a rise in the number of its employees buying company health insurance, data show that employees have not shifted in great numbers to employer plans from 2013 to 2014.
In one study, benefits consulting firm Mercer conducted a survey of more than 700 [...]
SelectQuote, a national Term Life Insurance Agency has issued a FAQ for professionals that are responsible for their company’s benefits and wellness program. With 45% of all employers implementing an insurance exchange solution, or planning to do so before 2018, SelectQuot argues that employers should take the Private Exchange Evaluation Collaborative research findings as a cue to conduct a request for proposal (RFP) to find the right insurance exchange provider to meet their business needs. SelectQuote Benefit Solutions Vice President of New Business Development Katy Jennings debunks three myths around conducting an RFP and explains how the process may actually result in big [...]
The Social Security Administration has issues new rules to to govern received retirement and survivor benefits for same same sex couples across the united states. The new instructions allow for recognition of some non-marital, but legal relationships as marriages in order to determine eligibility for issue of appropriate benefits.
the rules would also provide a framework for effective processing claims in states where same sex unions, and non-marital relationships are still not recognized by the local government. The Social Security Administration has also issued a fact sheet for the public to help with any questions related to the new rules.
the rules come after the [...]