Life Insurance And Chronic Illness: Reality Check

Just because you have a pre-existing medical condition doesn’t mean you can’t afford life insurance. A nationwide survey by Genworth Financial concluded that many Americans fail to buy life coverage because they have a chronic illness that they believe will make insurance unaffordable. The study of 24,000 adults found that between 39% and 54% of… Read more »

Happy New Year!

“As the year comes to a close, it is a time for reflection – a time to release old thoughts and beliefs and forgive old hurts. Whatever has happened in the past year, the New Year brings fresh beginnings. Exciting new experiences and relationships await. Let us be thankful for the blessings of the past… Read more »

Mortgage Protection Insurance

If you have a home mortgage, you’ve probably received offers for Mortgage Protection Insurance (MPI). This coverage will pay off the balance of the loan at your death, leaving your heirs with a home, free and clear. You can also buy a policy that will include mortgage payments for a year or two if you… Read more »

How Well Can Your Workers See?

Employers and employees aren’t seeing the health and productivity boosts of using their vision plans, especially with an aging workforce. According to Transitions Optical, Inc., nearly half of workers fail to take advantage of their vision benefit, either by not enrolling (24%) or not using their benefit to get an eye exam (32%). That’s unfortunate,… Read more »

Survey: Employers Neglecting Wellness Best Practices

In their efforts to control health care costs, most businesses offer their employees wellness programs, which often use incentives to boost participation. A recent nationwide study done by benefits software and solutions provider Bswift, found that more than half of employers that had been surveyed, are overlooking crucial practices that could increase worker involvement in… Read more »

Help Workers Plan For Their ‘Golden Years’

For your workers to enjoy the full financial benefits from their 401(k) plans, experts recommend that employee education sessions make sure that participants: Contribute enough to receive the maximum match. One expert estimates that at least one in three employees don’t make the maximum contribution, which means they’re leaving free money on the table. Avoid… Read more »

Your Health Plan – To ‘Grandfather’ Or Not To ‘Grandfather?’

The Health insurance exchanges under the Affordable Care Act (ACA) give you the opportunity to shop for policies that provide such “essential benefits” as free preventive care. On the other hand, if your current plan was created before March 23, 2010, you might prefer keep it on a “grandfathered” basis. The choice will depend on… Read more »

Holiday Party Reminders & Religious Accommodation

Eggnog, latkes, old friends, parties – and a lot of beveraging! HR That Works wishes you a safe and happy holiday season! As the host of your company party, you have a legal obligation to make sure that attendees get home safe. Here’s our list of tips to help you meet this responsibility: Make party… Read more »

The ABC’s Of Life Insurance Table Ratings

In Life insurance, a “table rating” refers to the premiums charged policyholders who can’t qualify for standard rates. Companies identify their tables in various ways, such as Table A, B, C, or Table 1, 2, 3. These ratings can be triggered by anything that increases the likelihood of premature death: high blood pressure, cancer, Type… Read more »

Three Ways To Boost Your Workers’ Financial Health

The financial well-being of your employees affects their health, their productivity and your bottom line! A recent nationwide survey by Purchasing Power, Inc. found that: A high percentage of employees suffer significant financial stress. More than one in four workers surveyed (28%) find it hard to meet monthly household expenses and nearly half (44%) have… Read more »