Benefits in a Multi-generational Workplace

| posted in Blog, Newsletter

With multiple generations working side-by-side in this economy, the needs of your staff in terms of employee benefits will vary greatly depending on their age. You may have baby boomers who are nearing retirement and have health issues, working with staff in their 30s who are newly married and have had their first kids. And those who are just entering the workforce have a different mindset about work and life than the generations before them. Because of this, employers have to be crafty in how they set up their benefits packages so that they address these various needs. But don’t…
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Right Mix of Benefits Crucial to Hiring, Retaining Millennials

| posted in Blog

As the millennial generation continues filtering into the workforce amid a tightening job market, nearly one-third of them have turned down a job offer because of poor insurance offerings, a new study has found. Making sure that you have the right mix of benefits, including voluntary benefits, is important considering that other studies have found that millennials are already hard to keep on the payroll. This has been underscored by studies that found that one in four millennials were considering looking for new work in the next year. In addition, they are more cautious than boomers or Gen Xers in…
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Why Your Employees Need Voluntary Disability Coverage

| posted in Blog

No one plans on becoming disabled and missing work, but it can happen. An illness or an accident could cause one of your employees to be unable to work for months, or even years. While their health insurance will cover their medical expenses, it won’t cover the cost of living while they recover. Only 30% of American workers in private industry currently have access to employer-sponsored long-term disability insurance coverage, according to the U.S. Bureau of Labor Statistics. That means most workers – and their families – do not have adequate protection against one of the most significant financial risks…
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Accident Insurance Can Save Your Workers from Financial Ruin

| posted in Blog

Even if you are providing your staff with health benefits, they could be left under great financial pressure if one of them has a major accident off the job that leaves them debilitated and unable to work. Millions of working Americans struggle with managing out-of-pocket expenses for non-medical and medical expenses after suffering an unexpected event such as an accident. If you are already offering your employees health insurance coverage, you can help fill the gap by also offering voluntary accident insurance, which can pay for: • Lost wages, • Deductibles and other medical expenses not covered by their insurance…
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