Education is key in helping employers and their ?employees understand new benefits strategies
Don’t let insurance industry tradition put blinders on your employee benefits practice. Employers need more than group health insurance policies that are renewed every year and cost a little—or a lot—more each time.
Human resource management and the employee benefits that support it have grown into some of the most complex and challenging of all employer risks. And it takes 21st century risk management to deal with them.
A benefits program for an ESOP-owned employee benefits consultant
How do you design an effective benefits package for a client that is a provider of sophisticated benefits design services for its own clients? Jeff Fox, a benefits broker at H.J. Spier Company of Indianapolis, finds himself in that role as he works with his client The Nyhart Company, a 115-employee firm specializing in plan design and TPA work. Nyhart, also based in Indianapolis, does consulting for defined benefit and defined contribution retirement plans and medical plans. Its clients include large publicly owned and private companies and government entities.
How Voluntary Benefits Give You the Advantage
in Today’s Health Care Reform World
Not long ago, an employee benefit
package might have included one or
two voluntary products. In recent years,
these products have become more prevalent and
employees selected from a variety of insurance products
to suit their financial protection needs. Today, the impact
of health care reform allows voluntary products to change
the employee benefits game.
Study from Transamerica Finds Employees Favor Companies that Offer Voluntary Benefits
In today’s fast-changing health care landscape, voluntary products are changing the employee benefits game. Sixty-five percent of employees say it is important that their employer offer these products. However, 47 percent of employees surveyed have not been offered an additional voluntary product since health care reform was implemented in 2010.
