INSURASALES

Tag: Employee Benefits

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.

Dental Insurance Market Sees Unsustainable First-Year Pricing and Renewal Rate Pressures

Principal Financial Group highlights unsustainable first-year dental insurance pricing leading to future renewal rate increases, impacting employer dental plan costs through 2026 and beyond.

Priority Health Advances Whole-Person Care Model with Integrated Digital Health Partnerships

Priority Health expands beyond traditional coverages by embracing whole-person care and digital partnerships, addressing chronic conditions and simplifying member navigation in health plans.

Navigating Health and Retirement Benefits Amid Federal Workforce Cuts

Explore essential strategies for federal employees facing workforce cuts, focusing on health insurance transitions, retirement savings options, and benefits continuity.

Trucordia Expands US Footprint with Vegas Valley Benefit Plans Acquisition

Trucordia broadens its U.S. market reach by acquiring Vegas Valley Benefit Plans, enhancing its employee benefits offerings in the southwestern region.

LIMRA Reports Decline in Workplace Insurance Sales Amid Early 2025 Economic Softening

LIMRA's Q1 2025 report shows a 16% decline in workplace life insurance and a 15% drop in disability insurance premiums, reflecting early 2025 economic softening.

House Oversight Seeks Answers on Commerce Dept's Health Coverage Failures

House Oversight Committee demands Commerce Department explain premature health insurance termination of fired employees and premium deductions during coverage lapse.