INSURASALES

Tag: Employee Benefits

Relation Insurance Services Expands Footprint with Strategic Acquisitions

Relation Insurance Services acquires two independent insurance firms to expand commercial, employee benefits, and Medicare-related offerings amid industry consolidation.

Employer-Sponsored Health Insurance Premiums to Rise 6-7% in 2025

Employer health insurance premiums are projected to increase 6-7% in 2025, the largest rise in 15 years, with employers adjusting plans to balance costs and options for employees.

Medicare Enrollment Guidance for HR Managing Employees Over 65

Key Medicare enrollment rules for HR managing employees over 65 with employer health benefits. Guidance on timing, documentation, and regulatory compliance to avoid coverage gaps.

Comprehensive Analysis of HDHP vs. Non-HDHP Plans and HSA Tax Advantages for 2025

Explore the detailed 2025 analysis of High Deductible Health Plans (HDHP) with HSAs versus traditional plans with FSAs, focusing on tax advantages, premiums, and long-term financial impact for informed insurance decisions.

Utica National Recognized as Top Insurance Employer for Eighth Year

Utica National Insurance Group earns Top Insurance Employer status for eighth year, highlighting strong employee benefits and workplace culture in the property/casualty sector.

Virginia Beach School Employees Sue Over 110% Health Insurance Premium Increase

Around 100 Virginia Beach school employees are suing over a 110% increase in health insurance premiums, citing undisclosed hikes before plan enrollment. The school board plans to address this issue amid rising healthcare costs for staff and retirees.

Employer Life Insurance Plans Often Underinsure; Term Life Can Bridge Coverage Gaps

Most employer life insurance provides only 2x salary coverage, below the recommended 10-15x. Term life insurance can supplement to better secure family financial protection.

Federal Judge Allows Lawsuit Against Bank of America Over 401(k) Vesting Practice

Federal judge permits lawsuit alleging Bank of America's 401(k) forfeiture policy breaches federal vesting laws, spotlighting retirement plan compliance.

PPG Industries Wins Class Action on Retiree Life Insurance Termination

PPG Industries successfully defended against a 500-person class action alleging wrongful termination of retiree life insurance coverage linked to a 2013 corporate transaction, with the court citing lack of vested rights in plan documents.

New York Life Group Benefit Solutions Partners with Employee Navigator for Seamless Benefits Administration

New York Life Group Benefit Solutions partners with Employee Navigator to enhance benefits administration through seamless data integration, supporting brokers, employers, and employees with streamlined solutions.