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Voluntary Benefits Demand Surges as Employees Seek to Defray Costs

InterWest Insurance Services

According to the report, in 2023: Group term life insurance premiums increased 10% from the 2022 level. Group universal life and whole life were up 9%. Critical illness insurance premiums were up 7%. Hospital indemnity premiums were 6% higher. Dental coverage was up 5%.

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Are You Financially Resilient?

Money Talk

An example is someone driving a friend to a cancer treatment, thereby saving them the cost and stress of getting to the hospital on their own. This includes a support system of family, friends, co-workers, neighbors, and others that can provide financial assistance, not to mention emotional support, during hard times.

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How to Support Employees With Health Problems?

Hppy

If they need to go to the hospital or visit a doctor, they can do so without feeling guilty about taking time off work. It is also a good idea to include various other policies, including those for workers’ compensation, long-term disability, life insurance, and even short-term sick leave. Putting Formal Policies in Place.

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BerniePortal Announces Improvements to BernieBill Offerings

BerniePortal

BerniePortal , the all-in-one HRIS for small and mid-sized businesses, announces today that leading insurance provider, The Guardian Life Insurance Company of America ® (Guardian) , is expanding its suite of benefit offerings through BernieBill, creating a streamlined benefits experience for users.

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Helping employees understand key benefits terms

PeopleStrategy

Co-insurance: the amount an employee must pay after meeting their deductible; under most plans, this is around 20% of full price. Co-pay: the fixed cost an employee must pay for each visit to a medical doctor or mental health professional’s office, urgent-care center or hospital emergency room. Benefit types and classes.

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12% of online job adverts listed health-related perks

Employee Benefits

Just 12% of roles posted online listed health-related perks such as private healthcare, wellbeing perks or life insurance as part of an employment package, according to research by Plasma by Medichecks.

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Budgeting for Benefits: Sage Advice for Cost-Conscious Employees

Griffin Benefits

For workers who are still attracted to an HDHP despite these risks, employers should make sure to explain how accident, critical illness, and hospital indemnity insurance can effectively be paired with an HDHP to help shore up some of these risks. Discuss short- and long-term disability insurance, when it applies, and how to use it.

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