As health care costs continue to rise for many Americans, employers increasingly view supplemental health benefits as crucial for recruitment, retention and employee satisfaction.
“The out‑of‑pocket maximums keep climbing, and the cost follows in lockstep,” said independent agent Matt Brown. “Even with a large population receiving tax credits on the individual market, the remaining premiums remain a burden for most.”
Prescription drugs play a significant role in increasing health care costs, with Americans spending approximately $98 billion out of pocket on prescription drugs, a 25% increase over the past five years.
Insureds will be reimbursed for expenses incurred up to their selected benefit limit. Additionally, there is no medical underwriting required to obtain coverage.
In response to providers significantly reducing or eliminating agent compensation, the Big “I” voiced its concerns in joint letters to Congress and to the Centers for Medicare and Medicaid Services.
When there’s no long-term care plan in place, care decisions are made in a crisis. Here are four tips agents can use to help clients integrate LTC into their plans.
Claim activity, social inflation and third-party litigation funding are leading carriers to reduce their financial risk for abuse exposures, leaving health care organizations struggling to attain adequate insurance.
“We see challenges with LTC (long-term care) adoption rates,” says independent agent Kelly Augspurger. “In my opinion, it’s an awareness and education issue because people don’t know what they don’t know.”
Disability insurance is paycheck protection, but few have this coverage. Here are four common myths among consumers about disability insurance.
“More education is needed to get younger people to incorporate life insurance into their retirement planning and overall investment strategy,” says independent agent Colleen Corrigan. “If they purchase life insurance under the age of 40, it’s fairly inexp
