Allstate Divests Employer Voluntary Benefits Business for $2 Billion: Impact on Investors and Policyholders In a strategic move that sent ripples through the insurance sector, Allstate has sold its Employer Voluntary Benefits business to StanCorp Financial Group, known as The Standard, for $2 billion. This transaction marks the beginning of Allstate’s plan to divest its Allstate Health & Benefits units, including Employee Voluntary Benefits, Individual Health, and Group Health, in a bid to unlock their growth potential by merging them with companies having complementary strengths. The announcement has been met…
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Do your employees need a supplemental accident benefit if they have a health plan?
Savvy employers are using this insurance to help workers to fill coverage gaps. A supplemental accident benefit, like other types of supplemental insurance policy, is a type of coverage that fills the gap left behind by many types of traditional health plan. Employers are increasingly offering this coverage as an appealing way to draw talented, loyal employees. Employers give the employee the option to pay all or some of the costs of this coverage. Adding a supplemental accident benefit and other similar forms of “sidekick” coverage to a benefits package,…
Read MoreBreast cancer disability insurance claim length average dropped by 2 weeks
Survivors are heading back to work notably sooner than had previously been recorded. Claims on breast cancer disability insurance have been a top cause of this type of coverage for more than a decade. However, the length of those claims has been getting shorter. In fact, survivors have shortened their time off work by an average of about two weeks. In 2019, the average length of a short-term breast cancer disability insurance claim was 64 days. In 2010, that figure was 78 days. This shows a meaningful change in trends…
Read MoreJulia Louis-Dreyfus Speaks Out in Favor of Affordable Health Care
The actress recently went public with her breast cancer battle and is now fighting for low-cost coverage. Julia Louis-Dreyfus has opened up about her own recent medical journey and is now speaking out in favor of affordable health care. In September 2017, the actress shared her battle with breast cancer. She used Instagram to document several of her treatment sessions, so the world could see a bit of what is involved in the fight. Louis-Dreyfus is now using that journey as a jumping off point in the battle for affordable…
Read MoreCancer insurance coverage is not consistent for keeping hair during chemo
Patients no longer need to lose their hair from chemotherapy, but insurers don’t always pay for it. New treatments are now available to stop hair loss as a chemotherapy side effect, but many cancer insurance policies are not covering it. Oncologists feel that, especially for women, this is an important technique to ensure people get well. “Several patients have told me it’s one of the worst side effects of their treatment. It can affect them really badly psychosocially. Some patients have even refused lifesaving chemotherapy because they don’t want to…
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