Employee Benefit Program

Why Cancer is an Important Consideration When it Comes to Disability Claims

Posted by on May 30, 2013 in Employee Benefit Program, Income Protection | 0 comments

  For 12 years in a row, cancer topped the list as the main reason for long-term disability claims with some employee benefits providers. The second cause on the list was back problems. Cancer claims made up about 16 percent of the company’s long-term disability claims. However, back problems made up about 15 percent of claims. For short-term disabilities, maternity leave was the most common reason at almost 19 percent. Non-back injuries made up close to 11 percent of short-term disability claims. May is Disability Insurance Awareness Month. When this month arrives, it is a good time...

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Employers Who Want More Productive Workplaces Should Examine Benefits Options

Posted by on Apr 17, 2013 in Broker Development, Employee Benefit Program | 0 comments

  Recent research shows that only 40 percent of workers in the United States would highly recommend their employers’ workplaces as good locations for employment. In addition to this, the study showed that those who did recommend their employers were more likely to be satisfied with the workplace benefits offered to them. The study also found that 60 percent of workers who recommended their places of employment said that benefits were important reasons why they continued working for the same employers. More than 50 percent of respondents said they were willing to pay more for...

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What Employers Everywhere Need to Know About the New Form I-9

Posted by on Apr 11, 2013 in Broker Development, Employee Benefit Program | 0 comments

  U.S. Citizenship and Immigration Services released a revised version of the I-9 form for general use. Every employer must complete a Form I-9 when they hire new employees. Some recent improvements to the form include a reformatted structure to minimize errors, clearer instructions and new fields. Some of the new fields include spaces for email addresses and employees’ foreign passport information. With the new and improved instructions, employees and employers will be able to better understand exactly what information should be entered in each section. The new form will span two...

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How to Avoid Becoming a Victim of a Health Plan Scam

Posted by on Apr 4, 2013 in Employee Benefit Program, Health | 0 comments

  Fake health plans are appearing more often. The people behind these scams are taking advantage of millions of Americans who do not have and cannot afford regular health insurance. When these bogus plan creators refuse to compensate for the procedures they are supposed to cover, policyholders end up paying for both their medical bills and needless premiums for fake coverage. There are many criminals exploiting the confusion about health care reform. In some cases, people selling these plans are saying they work for the government. Many advertise using the television, faxes and emails. To...

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Understanding The HHS Rules For Essential Health Benefits

Posted by on Mar 29, 2013 in Employee Benefit Program, Health | 0 comments

  The HHS ruled to establish the future of insurance issuer standards and health insurance exchanges for actuarial value and essential health benefits under the PPACA. The final rule creates a plan for when federal facilitated exchanges should accredit qualified health plans. When the PPACA goes into full effect, insurance plans that were not grandfathered into the small and individual market must provide coverage of services or benefits in 10 categories. They must also show the scope of benefits a typical employer plan covers. Qualified health plans are designed to provide benefits that...

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Employers Continue Searching for Ways to Contain Dental Insurance Costs

Posted by on Feb 27, 2013 in Employee Benefit Program, Health | 0 comments

  Slightly more than half (54%) of Americans received some form of dental insurance coverage in 2002, according to a recent report from the National Association of Dental Plans (NADP).  Cost increases for 2002 and 2003 once again outpaced inflation.  Expect this trend to continue as dental costs are projected to rise another 5% in 2004, according to HR consulting firm Towers Perrin.  In an effort to control costs, employers have continued to shift away from traditional indemnity and HMO dental plans as they search for more affordable ways to offer this desirable employee benefit. The main...

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