Besides death and dismemberment benefits, policies typically provide medical payments, temporary disability payments, and coverage for costs associated with repatriating employees from foreign soil.
Employees who experienced negative interactions with their manager had a decreased sense of connection with their employer and were less motivated to return to work following a disability.
A new workplace campaign from Employers' Coalition and the Partnership for Workplace Mental Health aims to help employers reduce the stigma of depression and help avoid costly disability claims.
Companies cannot deny an employee disability benefits based on their ability to perform a job that only exists in theory, a federal appeals court ruled Thursday.
In what can be viewed as a victory for plan sponsors, the Supreme Court ruled that statute of limitation periods written into plan documents are valid, as long as those periods are reasonable.
While carolers may chant joyfully about the holidays being the most wonderful time of the year, many workers find themselves singing the blues during the winter months. One in 10 people will experience depression at some time in their lives, according to the U.S. Centers for Disease Control and Prevention. This not only inflicts suffering on individuals and families, it costs employers $44 billion annually in lost productivity.
On November 18, 2010, Julie Heimeshoff filed her lawsuit against Hartford and Wal-Mart, claiming that defendants had violated ERISA by failing to provide long-term disability benefits.
The average American registered an insurance shortfall of $320,000. The gap has widened substantially for Gen Xers since the financial crisis.
LIMRA research has released two studies on effective ways for companies and financial advisers to connect to the Hispanic market for life insurance. Here are 10 important facts for professionals to know when trying to reach the Hispanic demographic. [Images: Shutterstock]
Consumers are likely to turn to their spouses, co-workers and parents for help with benefits decisions in part because those decisions can affect them, too, and in part because those are the people to whom they most relate.
These plans hold appeal in an unpredictable economy but must be well-designed to avoid employee dissatisfaction.
About 30% of U.S. households lack life insurance, according to industry group Limra.
Supplemental disability income plans are so mainstream today they're thought of as plain vanilla. Thats all well and good until the other shoe falls. And it often does. When employers experience problems with existing voluntary disability plans, most of these issues can be traced back to when the plan was originally designed.
During the last three years, 44% of those questioned say that 10% or fewer of their current clients had asked about possible life insurance strategies.
A study released this month from the Pew Research Center indicates that the percentage of American households with minor children that are headed by a single father has hit a record high. With more employees using everything from legal plans to FMLA time to take care of family members, these 2.6 million households (as of 2011) have unique financial needs and demographics of which employers should be aware.
Meanwhile, the authors of a report from The Boston College Center for Work & Family called The New Dad: A Work (and Life) in Progress say their work presents an image of male parents struggling with work-family conflict in ways employers could definitely help alleviate.