article thumbnail

5 voluntary benefits plan design tips

WEX Inc.

For example, younger employees might benefit from budgeting tools and renters insurance, while older employees might be more interested in long-term care and disability insurance. Leveraging technology and analytics Technology plays a critical role in the administration and communication of voluntary benefits.

article thumbnail

The Disability Insurance “trust gap” Part 1: Causes

Workers' Compensation Perspectives

[The following notes background and discussion points from a series of sessions Disability Management undergraduates completing a 4 th year course on Workplace Insurance and Benefits. Part 1 explores the reasons for the lack of trust in disability insurance. The trust gap is not unique to the disability insurance sector.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mental Injuries: Workers' Compensation and Disability Insurance Part 2

Workers' Compensation Perspectives

On the disability insurance side, this shift has meant changes to policies and procedures. While not everyone has access to disability plans, insured parties want clarity of the coverage; insurers need clear procedures to approve coverage. The toughen-up attitude still exists.

article thumbnail

What is a benefits broker and how can they simplify employee benefits?

Higginbotham

Their expertise lies in understanding the insurance landscape and creating benefits packages that meet the unique needs of an employer’s workforce. This involves tailoring core benefits like health, dental and vision insurance while incorporating voluntary options, such as disability insurance, mental health benefits or life insurance.

article thumbnail

Employee Benefits: The Only Guide You Need

Achievers

Employers are responding with a menu of voluntary employee benefits, driven by generational shifts and technology that is dramatically changing the workplace. . Health insurance, and family and medical leave, are not required for all businesses. Some states have mandated disability insurance and retirement plan requirements. .

article thumbnail

How PEOs empower midsize businesses to rise above today’s workforce challenges

Insperity

PEOs do this through better benefits procurement and administration, talent management that covers the entire employee lifecycle, proven and scalable HR infrastructure, access to advanced technology and savvy risk management. As business needs evolve, these services can expand or contract.

401(k) 81
article thumbnail

8 Trends in HR changing the future of work

Insperity

Prior to the pandemic, companies were toying with videoconferencing technology and allowing people to work remotely – but then things got serious. Are there other ways to leverage technology to help companies understand the value they’re getting from individual employees – without being intrusive or making employees feel micromanaged?

PTO 113