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
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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
NONTRADITIONAL, EXCEPTED-BENEFITS HEALTH PLANS How they can benefit your clients and your business By Michael S. Fawcett Insurance agents and brokers know how difficult it is for their smaller business clients to afford even the most basic health insurance coverage for their employees. Unfortunately, this scenario is not going away—especially with the aftermath of the COVID-19 pandemic. According to a leading organization of human resources professionals, average employer health plan
A NEW LOOK AT LIFE INSURANCE Improved tech and underwriting help support growing demand among Millennials, others By Len Strazewski Agents and brokers ready to return to the group and individual life insurance business may find a whole new market out there, according to new industry research. The COVID-19 pandemic and more than half a million deaths in the United States have changed the way employers and individuals see the
DENTAL AND VISION—WELL USED AND POPULAR Preventative care is key; major carrier enters market By Thomas A. McCoy, CLU Dental and vision coverage rank just behind medical insurance and retirement plans in popularity among both benefit plan sponsors and participants, according to separate studies by MetLife and Aflac. Just as plan participants expect to draw on the benefits of their medical and retirement plans, those with dental and vision coverage
