EMPLOYERS FOCUS ON RECRUITMENT AND RETENTION Reviewing benefits and work practices in a tight labor market By Thomas A. McCoy, CLU More than half of employers (56%) made no changes to their employee benefits offerings last year, according to Guardian Life’s 2021 Workplace Benefits Study. They were necessarily focused on pandemic-related concerns. Now employers are better able to think long-term and consider benefits recommendations that match their long-term goals.
Benefits & Financial Services
Capitalizing on Benefits By Len Strazewski Employee benefits is a numbers game—based on headcounts, claims statistics, and data analysis. But customer service and community engagement are what wins the game at WalkerHughes Insurance agency, based in Indianapolis, Indiana. Specializing in public entities, agri-business, manufacturing, and food service,the agency was founded as a property/casualty specialist that maintains a hometown relationship to its customers. But over the last few years, the
HOSPITAL INDEMNITY INSURANCE Agents and brokers find a hungry audience for this rapidly evolving product By Len Strazewski Hospitals are jammed, intensive care unit beds are full, and the COVID-19 epidemic has us more sensitive than ever to the need for and cost of hospital healthcare. Major medical insurance pays many of the healthcare charges associated with hospitalization, but many expenses are not covered by traditional health insurance. Hospital indemnity
Benefits Products & Services By Thomas A. McCoy, CLU THE HSA’S FUTURE AS A RETIREMENT PRODUCT Looming healthcare expenses, tax benefits make it enticing Nothing in this world is certain except death and taxes. So said Ben Franklin back in 1789. We would add healthcare expenses to the list of life’s certainties. How today’s employee benefit plan participants address their inevitable healthcare expenses, now and in the future, will have
STOP LOSS INSURANCE Challenges from the COVID-I9 pandemic stimulate innovations in the market By Len Strazewski It should have caused a free fall of medical expenses. The COVID-19 pandemic has killed more than 600,000 in the United States and has put many more in intensive care units. But the millions in medical claims did not break the backs of self-funded employers. Instead, medical claims actually went down in 2020, insulating