You Should Be Or Have Already Received, From CareFirst, A MLR Rebate Check

The Medical Loss Ratio (MLR) is the percentage of premium that the insurance carrier spends on health care. Generally, the MLR is the amount spent on medical care (claims, clinical services and quality-improvement activities) divided by the amount of net premium (premium after subtracting certain license fees and taxes). Starting with 2011 policy years, carriers… Read more »

The Broad Possibilities of Reasonable Accommodation

In managing today’s disability laws attorneys advise you to not fight whether something is in fact a disability, but simply to worry about whether you can reasonably accommodate limitations to meet productivity standards. A variety of accommodations might be available, depending on the circumstances. Here’s a list of possibilities. To learn more we encourage you… Read more »

Employee Benefits Liability Insurance, Anyone?

Because you offer your employees insurance-related benefits, failure to administer these programs properly can leave you vulnerable to litigation. Let’s say a new employee signs up for the company health plan, but isn’t enrolled due to a clerical error by the HR department. A month later, after the employee suffers a serious illness and learns… Read more »

EDITOR’S COLUMN: Dealing with Speed

  I listened to an outstanding NYC Radiolab podcast on the subject of speed. To begin with, Radiolab is one of my favorite podcasts. The subjects are always interesting, but this was one of those episodes that causes you to really do some deep thinking. Many years ago. the great thinker Buckminister Fuller coined the… Read more »

Employers Eye Wellness Program Disincentives

Although disincentives are playing a greater role alongside incentives in employee wellness plans, it makes sense to use this approach with caution. A recent nationwide study by Aon Hewitt found that, 83% of businesses surveyed offer incentives with their wellness plans, while 53% plan to add “sticks” to their programs within the next three to… Read more »

Supplemental Disability Income: Beware These Pitfalls!

The income disparity between rank and file workers and highly compensated employees (especially those eligible for bonuses) is leading more and more companies to offer Supplementary Disability Income insurance. These plans, usually written on a guaranteed standard issue basis, provide coverage at discounted rates. Supplemental Disability Income has a strong appeal these days, especially with… Read more »

Life Insurance: Better Late Than Never

Fifty might seem old – unless you plan on living past 100, it means that your life is more than half over. However, people at this age today are far younger than they used to be. Think about how your grandparents looked in their 50’s and 60’s and beyond compared to today’s grandparents. Although growing… Read more »

Applying For Life Insurance: Honesty Is The Best Policy

Failing to tell the “whole truth” on your Life insurance application can cost your beneficiaries dearly. The healthier you are, the less you’ll pay for Life coverage (especially for a Term policy). Applicants who smoke like a chimney or drink like a fish are statistically more likely to die young – which means that the… Read more »

Report Spotlights Worker Concern For Critical Illness Costs

A nationwide survey by Sun Life Financial, based on responses from more than 4,000 employees found that many workers fear the financial impact of a critical illness – especially cancer – even more than death. According to the study, “Well-Placed Fears: Workers’ Perceptions of Critical Illness,” these concerns may result from growing out-of-pocket health care… Read more »

New Wellness Program Rules Create Hurdles For Employers

A recent expansion of nondiscrimination rules for workplace wellness programs could curb the ability of businesses to use incentives for improving employee health care outcomes. Last May, the Department of Health and Human Services (HHS) set final regulations under the Patient Protection and Affordable Care act that broaden protections for employees who are medically or… Read more »