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Bind, the on-demand health insurance plan, announced that it is available to self-insured employers across the US. The national expansion is backed by funding from UnitedHealthcare, Ascension Ventures, and Lemhi Ventures. Bind provides coverage from the first dollar spent and allows members to add coverage at any time throughout the year. (All photos: Shutterstock)
Nationwide Advisory Solutions, formerly known as Jefferson National, launched a new online calculator and proposal generator. Backed by 250 randomized Monte Carlo simulations using historical market data, RIAs and fee-based advisors can use this new calculator to compare investments in a taxable account and in a tax-deferred Investment-Only Variable Annuity (IOVA).
Standard Insurance Company (The Standard) announced the launch of Hospital Indemnity Plus. It pays hospital employees a 20 percent higher benefit for a hospital stay within the employer's health system. When employees can't visit one of their employer's facilities they will still receive the policy's regular benefits. It is available with The Standard's HSA-compatible plan.
HALO Recognition announced its new Recognition Wall Album. Recognition Wall Album is a compilation of the personalized messages from coworkers that get posted on the recipient's Recognition Wall, extending their social recognition experience. After an employee celebrates their service anniversary, the posts are printed and bound in a keepsake album and then shipped to their door to commemorate the event.
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Beacon Capital Management , a registered investment advisory firm, announced Vantage 3.0 American Portfolios. These new investment options are designed for increased participation in market upsides through American Funds products while adding Beacon's loss reduction risk management strategy to help protect from catastrophic losses.
MassMutual introduced a new family of target-date funds. The MassMutual Select T. Rowe Price Retirement Funds are designed to address a spectrum of risks, including inflation, longevity, and market risks. The new TDF family is available exclusively to participants in retirement plans sponsored by MassMutual.
Cetera, a network of independent firms supporting the delivery of professional financial advice, announced its 401(k) Practice Development Program for advisors currently serving retirement plans and those seeking to expand into this market. It was developed with Nationwide Financial and retirement plan advisory consultancy KnowHow 401(k) and is offered at no additional cost to Cetera advisors.
Limeade launched a diagnostic tool that helps companies uncover flight risk before it's too late. Once high-risk groups are identified, the Limeade platform can target those groups with activities designed to improve well-being & mutual commitment. The tool's algorithm is based on 40 factors that suggest employees are likely to leave.
Lincoln Financial Group launched enhanced Group Accident and Critical Illness insurance benefits for the employer market, designed to be easy for employees to understand – and for employers to administer. The benefits are available on Lincoln's new policy administration technology platform for January 1, 2019 or later effective dates.
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Bind, the on-demand health insurance plan, announced that it is available to self-insured employers across the US. The national expansion is backed by funding from UnitedHealthcare, Ascension Ventures, and Lemhi Ventures. Bind provides coverage from the first dollar spent and allows members to add coverage at any time throughout the year. (All photos: Shutterstock)
Nationwide Advisory Solutions, formerly known as Jefferson National, launched a new online calculator and proposal generator. Backed by 250 randomized Monte Carlo simulations using historical market data, RIAs and fee-based advisors can use this new calculator to compare investments in a taxable account and in a tax-deferred Investment-Only Variable Annuity (IOVA).
Standard Insurance Company (The Standard) announced the launch of Hospital Indemnity Plus. It pays hospital employees a 20 percent higher benefit for a hospital stay within the employer's health system. When employees can't visit one of their employer's facilities they will still receive the policy's regular benefits. It is available with The Standard's HSA-compatible plan.
HALO Recognition announced its new Recognition Wall Album. Recognition Wall Album is a compilation of the personalized messages from coworkers that get posted on the recipient's Recognition Wall, extending their social recognition experience. After an employee celebrates their service anniversary, the posts are printed and bound in a keepsake album and then shipped to their door to commemorate the event.
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Beacon Capital Management , a registered investment advisory firm, announced Vantage 3.0 American Portfolios. These new investment options are designed for increased participation in market upsides through American Funds products while adding Beacon's loss reduction risk management strategy to help protect from catastrophic losses.
MassMutual introduced a new family of target-date funds. The MassMutual Select T. Rowe Price Retirement Funds are designed to address a spectrum of risks, including inflation, longevity, and market risks. The new TDF family is available exclusively to participants in retirement plans sponsored by MassMutual.
Cetera, a network of independent firms supporting the delivery of professional financial advice, announced its 401(k) Practice Development Program for advisors currently serving retirement plans and those seeking to expand into this market. It was developed with Nationwide Financial and retirement plan advisory consultancy KnowHow 401(k) and is offered at no additional cost to Cetera advisors.
Limeade launched a diagnostic tool that helps companies uncover flight risk before it's too late. Once high-risk groups are identified, the Limeade platform can target those groups with activities designed to improve well-being & mutual commitment. The tool's algorithm is based on 40 factors that suggest employees are likely to leave.
Lincoln Financial Group launched enhanced Group Accident and Critical Illness insurance benefits for the employer market, designed to be easy for employees to understand – and for employers to administer. The benefits are available on Lincoln's new policy administration technology platform for January 1, 2019 or later effective dates.
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New products and tools from The Standard, Nationwide Advisory Solutions, MassMutual, and more. (Photo: Shutterstock)[/caption] The employee benefits industry wasn't created from some over-arching plan, springing fully formed into 2001 or 1981. Instead, "it reflects a gradual accumulation of factors," notes one government publication, changed by health care finance innovations, political and social movements, and "coincidence of timing" among other things. One might argue that the products and tools we use are another factor influencing the employee benefits industry. Here are some new products that came across our desk:© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
