Life insurance benefits that used to be popular among employers are fading away

life insurance benefits employee worker

A recent survey showed that employees are not seeing this type of coverage in their packages as much. While life insurance benefits used to be a standard part of many employer packages for their workers, fewer companies now offer them. This, despite the fact that employees still find the benefit to be an appealing one. The number of people who purchase life policies through group contracts is growing, but employers are stepping back. A new LIMRA survey revealed that there are up to 108 million Americans who currently have life…

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Companies use pet insurance benefits to draw talent

kitten veterinarian pet insurance benefits

Now that cats and dogs are just furry family members, affordable animal health care has become a priority. A recent report in the New York Times showed that pet insurance benefits are becoming a staple offering for drawing skilled employees and encouraging them to stay. While pet insurance is already a growing trend in the United States, employer-sponsored benefits are also taking off. In fact, employer sponsored pet insurance benefits is among the most rapidly growing veterinary medicine trends. These include plans that cover only cats and dogs as well…

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Pet insurance policies are increasingly commonplace as employee benefits

pet insurance policies company

Employers are seeking to draw younger talent by offering them unique additional forms of coverage. Companies that are looking for the best talent find themselves facing a great deal of competition and pet insurance policies are often used to help them to shine above rivals. Today’s younger workers don’t necessarily want the same benefits as those ten years or a generation older. Health insurance isn’t covering as much but plans with more coverage are very expensive for businesses. Over the next month, many companies are adding other types of benefits…

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Canadian insurance company leads the way in anti-discrimination for suicide patients

stress depression suicide insurance company

Desjardins Group has become the first insurer in the country to drop a controversial policy clause. The Desjardins Group insurance company in Canada has now become the first insurer in the country to drop a clause from its benefits plans that would deny benefit payments to policyholders who have self-inflicted injuries or who have attempted suicide. The changes to the employee benefits plan have become effective immediately and will apply to at least one client. At the start of this change, the changes made by the insurance company are taking…

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Pet insurance is being used by employers to draw millennial talent

pet insurance employee benefits

A number of perks relating to the ownership of cats and dogs are also being used to retain that talent. Businesses that are hoping to appeal to talent in the millennial generation – and to retain them – are starting to offer employees benefits that include pet insurance and other perks that could attract animal owners. Stifel Equity Research data shows that nearly half the workforce will be made of that generation by 2020. Employees within this age group present a whole new range of challenges and needs which must…

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Piecemeal insurance plan is costing Mississippi state employees

Health Insurance Mississippi

The method of coverage used for those workers has fragmented contracts that are more expensive. According to a recent report by The Clarion-Ledger in Mississippi, if all state employees were to receive supplemental coverage on their insurance plans, they would likely receive better benefits while paying less for them. At the moment, the contracts for insurance coverage are spread out among over 100 state agencies and school districts. At the moment, the state doesn’t require competitive bidding to occur for insurance plans, nor are proposals for the best price or…

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Health insurance study reveals the true feelings of employers

health insurance for small business

The results of recent research provide insight into the way that companies feel about providing coverage to workers. Even though the cost of medical care has been continuing to rise and the pressure from the Affordable Care Act is ever present in the air, employers continue to think of health insurance for their employees as a high priority. The health care reform has added some new requirements that will be impacting many smaller businesses. The study results have indicated that while the priority of employee health insurance remains high, the…

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