Employee Benefit News

SEPTEMBER 14, 2023

Emma Fox, managing partner at E Powered Benefits, is creating a healthcare plan that doesn't depend on insurance carriers.

Healthcare 97

Healthcare Insurance Carriers Insurance Management 97

Insperity

DECEMBER 5, 2024

Insurance brokers and professional employer organizations (PEOs) are supposed to be competitors, right? Working independently or as part of a larger brokerage group, brokers earn a commission on the insurance plans they sell to clients. PEOs, however, don’t sell insurance. Let’s explore how.

Insurance 70

Insurance Insurance Carriers Professional Employer Organization Education 70

PeopleKeep

JANUARY 18, 2022

For many employers offering a group health insurance plan, adding a supplemental benefit in addition to the group plan can help offset your employees’ out-of-pocket costs. This is especially true with high deductible health plans (HDHPs) that require employees to pay a higher amount on their own before their insurance kicks in.

Out of Pocket Cost 98

Out of Pocket Cost Insurance Carriers Health Insurance Deductible 98

Insperity

SEPTEMBER 17, 2020

It’s best to collect the employee’s report about their injury as soon as possible after the incident and to pass it along to your insurance carrier promptly. That pace allows the insurance adjuster and the employee to have their follow-up discussions while the facts are still fresh.

Workers’ Compensation 110

Workers’ Compensation Insurance Carriers Insurance Work From Home 110

Higginbotham

JULY 2, 2024

An insurance broker serves as an intermediary between insurance companies and their clients, helping individuals and businesses find, secure and maintain the best possible coverage. The Role of an Insurance Broker Insurance brokers help guide clients through the complexities of the insurance process.

Insurance Carriers 52

Insurance Carriers Insurance Health Insurance Life Insurance 52

InterWest Insurance Services

OCTOBER 1, 2024

Both can result in one or more of the following: The claim being denied, Settlement costs exploding, Your premium increasing substantially or Your insurer non-renewing your coverage. Filing an accident claim late can make it harder to reach a resolution, and it could lead to the insurer denying the claim.

Insurance Carriers 85

Insurance Carriers Management Insurance Transportation 85

BerniePortal

SEPTEMBER 8, 2021

Be sure to check with your insurance carrier to see what employee benefits may be offered under your policy, and whether an EAP is available to you. Employee Assistance Programs are a valuable benefit that, as stated above, can be necessary for certain employees to receive the help they need.

Insurance Carriers 90

Insurance Carriers Insurance Employee Benefits Healthcare 90

InterWest Insurance Services

NOVEMBER 22, 2022

Commercial insurance companies are raising rates in most of their lines to account for increasing claims as well as the cost of claims, but another factor is forcing them to increase their rates further: reinsurance. When insurance companies underwrite policies, they will often not retain all of the risk. What’s happening.

Insurance Carriers 97

Insurance Carriers Insurance Deductible Deductions 97

Griffin Benefits

JUNE 22, 2022

Other employers, especially those who are self-funded, are conforming to this rule by accessing and posting links on their websites, which are being provided by insurance carriers or third-party administrators (TPAs) who are hosting these rates and historical payments on their own websites. In-Network Charges. WHAT TO DO NOW?

Insurance Carriers 79

Insurance Carriers Employment Insurance Taxes 79

Benefit Resource Inc.

JANUARY 11, 2023

Check with your Insurance Carrier. Your insurance carrier is generally able to provide you with an Explanation of Benefits (EOB) for any services that have run through your insurance. If you did not receive an EOB automatically by mail, you can also contact the carrier and request to have one sent to you.

Insurance Carriers 85

Insurance Carriers Medical Insurance Retail 85

McDermott Will & Emery Employee Benefits

DECEMBER 7, 2021

Increasing retirement plan-focused litigation has put insurance carriers and fiduciary service providers in difficult positions. In this article published in PLANSPONSOR, McDermott Partner Erin Turley said such litigation continues to be a “major focus” in the fiduciary insurance marketplace.

Insurance 52

Insurance Insurance Carriers Retirement Plan Employee Benefits 52

HR Bartender

FEBRUARY 12, 2015

For example, I follow my insurance carrier. Maybe it’s a blog post about leadership, an update about the new Windows 10, or a law that’s going to impact your industry. DAY 2 – Like a business brand page. My guess is at least one of the vendors you currently do business with is on Facebook.

Insurance Carriers 127

Insurance Carriers Media Human Resources Bonuses 127

InterWest Insurance Services

JULY 30, 2022

This is your best estimate of what your insurance carrier paid in insurance claims last year, plus any deductibles and out-of-pocket expenses. InterWest offers a free, easy-to-use Financial Leakage Calculator. The only information needed is your Total Incurred Amount of Claims.

Insurance Carriers 95

Insurance Carriers Overtime Deductible Deductions 95

Corporate Synergies

MARCH 2, 2020

When catastrophic claims rise, stop-loss insurance carriers take notice. The post Stop-loss Insurance Changes Create Hurdles for Employers appeared first on Corporate Synergies. Here’s a game plan for plan sponsors.

Insurance 52

Insurance Insurance Carriers Employment Management 52

Benefit Resource Inc.

FEBRUARY 23, 2021

Lately, we’ve seen an uptick in questions around the roles of responsibilities of your company’s broker, your TPA (that’s us), and your health insurance provider. And where does your health insurance carrier play into this? What is a health insurance carrier? Let’s break it down.

Insurance Carriers 72

Insurance Carriers Health Insurance Insurance Healthcare 72

Higginbotham

MAY 28, 2024

In recent years, home and car owners across the United States have been facing an uncomfortable reality: rising insurance rates. In this article, we’ll explore why home and auto insurance rates are rising and ways you can help mitigate this increase. Why are car insurance rates going up? Why are home insurance costs increasing?

Insurance 52

Insurance Insurance Carriers Construction Medical 52

Higginbotham

JUNE 28, 2024

Homeowners’ insurance can help protect your house from perils like theft or fire, but what about flood water that enters your home? Do I need flood insurance? Flood insurance isn’t a niche product for the select few; it’s a valuable safeguard for homeowners, renters and business owners across the country.

Insurance 52

Insurance Insurance Carriers Out of Pocket Cost Deductible 52

InterWest Insurance Services

MARCH 15, 2022

And the majority of documents criminals steal are the same ones your employees receive from their group health insurers. If the thief’s health information is mixed with the victim’s, it could affect the medical care the victim is able to receive, or the health insurance benefits they are able to use. Alert your staff.

Medical 93

Medical Health Insurance Insurance Carriers Insurance 93

Insperity

JANUARY 24, 2023

Having virtual care options can also be help reduce employees’ stress about their own health-insurance costs. It’s possible that these benefits are already available through your company’s health insurance plan or employee assistance program (EAP) – if so, you should promote these benefits and their pros to your employees!

Insurance Carriers 103

Insurance Carriers Health Insurance Medical Electronics 103

Higginbotham

JULY 9, 2024

This is when clinical trial insurance can supply a safety net for trial sponsors, investigators and participants. Who needs clinical trial insurance? These stakeholders may be exposed to various risks during the trial phases, making insurance coverage crucial for their protection. What does clinical trial insurance cover?

Insurance 52

Insurance Insurance Carriers Pharmaceutical Medical 52

Higginbotham

NOVEMBER 22, 2022

Insurance helps business owners cover their risks – but what if the risk is so great or unique that traditional insurance companies don’t want to cover it? When this happens, business owners may need to look beyond the admitted market to explore non-admitted carriers and the excess and surplus insurance market.

Insurance 52

Insurance Insurance Carriers IT 52

Higginbotham

DECEMBER 22, 2022

You need car insurance. Without coverage, you’d be in violation of auto insurance requirements in most states. However, if you’re unhappy with your current company, can you switch car insurance at any time? Why do people switch car insurance companies? Switching Car Insurance Companies After a Crash.

Insurance 52

Insurance Insurance Carriers Finance Management 52

Workers' Compensation

AUGUST 13, 2024

The NJ Supreme Court will review whether a workers’ compensation insurance company has a duty to defend an employer against personal injury claims brought by the employer’s employee under an employer's liability insurance policy. The insurance company denied coverage based on the policy's "Employer's Liability EII exclusion."

Insurance 52

Insurance Workers’ Compensation Insurance Carriers Manufacturing 52

Higginbotham

AUGUST 27, 2024

But, you can help protect your employees with kidnap and ransom insurance. How does kidnap ransom insurance coverage work? Kidnap and ransom insurance, also known as K&R insurance, can help cover the cost of the ransom payment, as well as care required after the incident. Ransom demands are also becoming larger.

Insurance 52

Insurance Insurance Carriers Employment Management 52

Higginbotham

JULY 25, 2024

To help mitigate the risks associated with breaching any representations and warranties, both buyers and sellers may turn to representations and warranties insurance (RWI), a specialized business insurance policy that’s designed to help safeguard against inaccuracies made in statements during the M&A transaction process.

Insurance 52

Insurance Insurance Carriers Finance Taxes 52

Higginbotham

DECEMBER 14, 2023

As electric vehicles continue to surge in popularity, the need for comprehensive and cost-efficient electric car insurance has never been more important. Now, get ready to learn about coverage options, factors affecting insurance costs and tips for saving on your electric car insurance.

Insurance 52

Insurance Insurance Carriers Taxes Technology 52

Griffin Benefits

SEPTEMBER 5, 2023

As healthcare costs have risen rapidly in the last decade, employer-sponsored health insurance premiums have followed,1 affecting both organizations and employees. CLINICAL INFORMATICS FOR ALL Clinical informatics was once limited to large healthcare plans, which could access analytics and informatics through their insurance brokers.

Healthcare 90

Healthcare Insurance Carriers Pharmaceutical Medical 90

Benefit Resource Inc.

APRIL 10, 2023

Confirm enrollment in a health plan To receive automatic approval for co-pays, certain co-insurance, and deductible expenses, make sure your employer has reported you as enrolled in the company health plan. An Explanation of Benefits (EOB) from your insurance carrier or healthcare provider gets it resolved in no time.

Insurance Carriers 98

Insurance Carriers Hospitality Deductible Deductions 98

Higginbotham

JUNE 7, 2024

Product liability insurance can offer important protection for businesses involved in the manufacturing, distribution or sale of products. Learn More About Manufacturing Insurance What does product liability insurance cover? Who needs product liability insurance?

Insurance 52

Insurance Manufacturing Food Insurance Carriers 52

Higginbotham

MAY 8, 2024

An RV is both a vehicle and a vacation home and while this dual usage makes it a practical option for those who want to explore on the open road, it can also create an insurance conundrum. If something goes wrong, what type of insurance will you need? What is RV liability insurance? Is RV insurance a requirement?

Insurance 52

Insurance Insurance Carriers Medical IT 52

Higginbotham

AUGUST 20, 2024

Construction equipment insurance provides important coverage when events like these occur. Also called contractors equipment insurance, construction equipment insurance can provide coverage if a covered piece of equipment is lost, damaged or destroyed in a covered peril. Is your insurance coverage sufficient?

Construction 52

Construction Insurance Insurance Carriers Deductible 52

Higginbotham

AUGUST 9, 2024

To protect their personal assets against such lawsuits, board members should make sure they’re protected with nonprofit board insurance. D&O insurance can help cover defense costs, along with settlements and judgements. Confirm the nonprofit maintains sufficient D&O insurance.

Insurance 52

Insurance Insurance Carriers Government Consulting 52

InterWest Insurance Services

JULY 11, 2022

While health plans will be required to post this information, employers who sponsor their group health insurance for their employees will need to take steps to ensure that their plans comply with the law, if they have not already done so. You should confirm the date your insurer will make available the machine-readable files each month.

Insurance Carriers 79

Insurance Carriers Insurance Health Insurance Employment 79

InterWest Insurance Services

AUGUST 18, 2022

Many group health insurance plan sponsors and administrators have the mistaken belief that the law allows employees enrolling in Section 125 cafeteria plans to change their elections, as long as they do so within 30 days of the plan becoming effective. This is not correct. And this misconception can have serious consequences.

Insurance Carriers 77

Insurance Carriers Taxes Employee Enrollments Health Insurance 77

InterWest Insurance Services

MARCH 3, 2023

Employee benefits online portal: 41% HDHP, 29% traditional plan Online research: 23% HDHP, 32% traditional plan.

Deductions 95

Deductions Deductible Insurance Carriers Education 95

InterWest Insurance Services

JULY 26, 2022

You as an employer can help by offering group disability insurance to your employees. This insurance helps replace a portion of a worker’s income if they lose their income due to an injury or illness. Typically, disability insurance policies will replace between 50 and 65% of a worker’s income. What it covers.

Disability Insurance 75

Disability Insurance Insurance Carriers Insurance Deductible 75

Insperity

JANUARY 4, 2024

An example of this is a client company discovering that they’ve been continuing to pay for medical insurance for a terminated employee. Some compromise may be necessary When you choose your own insurance offering through a broker, you can select from a vast number of available insurance carriers and plan designs.

Insurance Carriers 97

Insurance Carriers Workers’ Compensation Insurance Professional Employer Organization 97