Benefits

  • Premium Tax Credits Are the Individual Market’s Stabilizing Force
    Premium Tax Credits Are the Individual Market’s Stabilizing Force

    Enrollment in the Affordable Care Act’s (ACA) marketplaces is higher in 2018 than last year

    Making the ACA’s health insurance premium tax credits available to more Americans would provide needed financial relief and further shore up individual insurance markets

    The latest data suggest the individual insurance market is weathering attempts by the Trump administration and Congress over the past year to weaken it. These actions include the repeal of the tax penalty for going without insurance; ending payments owed to insurers for limiting low-income enrollees’ cost-sharing; promoting the sale of health plans designed to…
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  • LIMRA’s 43rd Annual Group & Worksite Benefits Conference to Identify Key Issues in Benefits Landscape
    LIMRA’s 43rd Annual Group & Worksite Benefits Conference to Identify Key Issues in Benefits Landscape

    Scheduled September 11-13 at Mohegan Sun, in Connecticut

    Top industry executives will discuss the future of the benefits industry at LIMRA’s 2018 Group & Worksite Benefits Conference. The event, now in its 43rd year, will be held on September 11-13, 2018 in Connecticut.
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  • Big Data & You
    Big Data & You

    Insurers Must Shift from Report-Driven to Data-Driven Strategy to Succeed in Digital Insurance 2.0

    Majesco (NYSE AMERICAN: MJCO), a global provider of core insurance platform software and consulting services for insurance business transformation, today announced the release of a new thought leadership report, Digital Insurance 2.0: Building your Future on a Robust Data Foundation, which details the opportunity, and provides a roadmap, for insurers to fully leverage the power…
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  • Healthcare Costs, Outliving Savings Dampen Employer Confidence in Employees’ Retirement Futures
    Healthcare Costs, Outliving Savings Dampen Employer Confidence in Employees’ Retirement Futures

    Survey finds nonprofits are more likely than for-profits to recommend lifetime income solutions

    A new 2018 TIAA Plan Sponsor Retirement Survey finds nearly half of nonprofit and corporate, for-profit employers are only somewhat confident in their employees’ retirement futures and one in five say they are not at all confident.
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  • Nearly Half of U.S. Workers Spend 30 Minutes or Less Reviewing Benefits Before Enrollment
    Nearly Half of U.S. Workers Spend 30 Minutes or Less Reviewing Benefits Before Enrollment

    Auto-enrollment for disability plans can help employees make better financial decisions

    New research from employee benefits provider Unum (NYSE: UNM) shows nearly half of U.S. workers (49 percent) spend 30 minutes or less reviewing their benefits prior to enrollment, according to an online poll of 1,227 U.S. workers conducted last month.
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  • CMS Proposes “Pathways to Success,” an Overhaul of Medicare’s ACO Program
    CMS Proposes “Pathways to Success,” an Overhaul of Medicare’s ACO Program

    Proposed transformation of the Medicare Shared Savings Program would drive towards greater accountability while providing new flexibilities

    Today, the Centers for Medicare & Medicaid Services (CMS) issued a proposed rule that would overhaul the Medicare Shared Savings Program, which is the program established by the Affordable Care Act and launched in 2012 under which the vast majority of Medicare’s Accountable Care Organizations (ACOs) operate. The redesigned program is called “Pathways to Success.”
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  • Top Two Sources of Stress for American Workers? Job and Finances
    Top Two Sources of Stress for American Workers? Job and Finances

    Study finds Health, Finances, Work, and Life are Intimately Connected in Expected and Unexpected Ways

    Health, money, work and life all play a critical role in an individual’s total well-being, according to a recent study from Fidelity Investments. The study, based on responses from more than 9,000 workers and conducted in collaboration with researchers from the Stanford Center on Longevity and Cornell University, was designed to provide insight on the…
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  • Paid Family Leave Ranks as Most Coveted Work Perk
    Paid Family Leave Ranks as Most Coveted Work Perk

    Poll: U.S. workers value it over flexible working arrangements

    Employee benefits provider Unum (NYSE: UNM) finds the majority of workers (58 percent) want paid family leave from their employers, including nearly two-thirds (64 percent) of millennials.
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  • U.S. Health Insurance Companies Expanding Investment Options
    U.S. Health Insurance Companies Expanding Investment Options

    Interest rates are causing a shift into some non-traditional asset classes

    The U.S. health insurance industry's invested assets have grown at a sizable pace over the last decade, averaging nearly 8% annually, with some shifts into non-traditional asset classes, according to a new A.M. Best report.
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  • Almost Three Quarters of Defined Contribution Advisors Offer Financial Wellness
    Almost Three Quarters of Defined Contribution Advisors Offer Financial Wellness

    Creative ways to provide value-added services and programs to plan sponsor clients

    According to LIMRA Secure Retirement Institute (LIMRA SRI), 73 percent of advisors report that they specifically offer financial wellness support in their defined contribution (DC) plans.
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  • Do States Know the Status of Their Short-Term Health Plan Markets?
    Do States Know the Status of Their Short-Term Health Plan Markets?

    Starting in October, insurers will be allowed to sell short-term health plans for just under 12 months and to renew them for up to 36 months

    Short-term plans are not required to comply with the Affordable Care Act’s (ACA) consumer protections, meaning insurers that sell these policies can deny coverage to individuals with preexisting conditions and are not required to cover essential health benefits.
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  • Modernizing the U.S. Retirement System: It Takes a Village
    Modernizing the U.S. Retirement System: It Takes a Village

    The onus is increasingly on American workers to secure their retirement future

    by Lori Lucas, CFA

    For them, the challenge is clear: The onus is increasingly on American workers to secure their retirement future, and many are not up to the task
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  • Actuaries: Changes in Short-Term, Limited-Duration Insurance Could Lead to Increase in ACA Premiums
    Actuaries: Changes in Short-Term, Limited-Duration Insurance Could Lead to Increase in ACA Premiums

    New options for some consumers

    The final rule expanding short-term, limited-duration insurance (STLDI), released today by the departments of Labor, Treasury, and Health and Human Services, will likely contribute to premium increases in Affordable Care Act (ACA) individual markets, while creating new insurance options for some consumers that provide fewer benefits at lower premiums than ACA-compliant plans
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