When Joe Alfonsi broke into the voluntary benefits industry 15 years ago with Unum, he was given a seemingly impossible quota -- and was strongly advised to focus his sales efforts on blue collar workers.
A new proposed rule seeks to give disability insurance participants more rights when appealing claims denials – but that may not be a good thing.
The market for voluntary hospital indemnity benefit plans may be headed for upheaval, according to legal experts in the benefits market.
Two-thirds of insurances carriers experienced an overall increase in voluntary sales in 2015, with half of carriers reporting sales increases of 12 percent of more, according to the LIMRA U.S. Worksite Sales survey.
According to the Social Security Administration, nearly seven out of 10 workers, or about 100 million people, do not have long-term disability coverage.
An August court decision in U.S. District Court for the Eastern District of Pennsylvania found that an employee discount received through a group voluntary policy constitutes an employer contribution, and therefore disqualifies such products from falling under the Department of Labor’s voluntary benefit safe harbor.
A broker’s knowledge and personality will only take them so far – behind the façade, there must be an equally solid framework. That comes in the form of strategies, communications plans, and more. Help us understand what’s working – and what’s not – with the groups you serve today,...
As many small and midsized employers struggle for the first time to comply with certain requirements of the Affordable Care Act, it will be welcome news to learn that adding voluntary benefits to their offerings will not trigger any changes to the IRS’ W-2 reporting requirements.
Summer is coming to an end, which that means life is about to get incredibly busy for employers, human resource leaders and their benefits brokers as the 2017 enrollment season inches closer.
The demand for voluntary benefits spurred by passage of the Affordable Care Act has created potential compliance pitfalls for employers struggling to contain health care premium costs.