Valentine’s Alert: Educate Your Workforce on Providing for Their Loved Ones

February 07, 2012

According to a recent study by LIMRA, over 30% of U.S. households have no life insurance coverage, and this includes close to 11 million households that have a child under age 18 who SHOULD have coverage as part of their financial plan.  “Well, that’s not my employees”, you may be thinking since your company benefits probably include employer-sponsored life insurance.  On average, most companies provide a company paid benefit of 1 x the annual salary of their employees.   But with 1 x  their salary, that leaves many workers severely under-insured,  since the common rule of thumb is that you need at least 6 to 10 times your annual income if you have loved ones at home that rely on your income.  Continue reading “Valentine’s Alert: Educate Your Workforce on Providing for Their Loved Ones”

Re-Evaluating Your HSA for Your Workforce

January 24, 2012

Last week’s mail started the avalanche of end of year statements and one of the first to arrive was my HSA statement.  I am lucky to be in pretty good health so I don’t mind having a high-deductible health plan. As a result, I also get to watch my HSA continue to build up year after year so this is one statement I usually look forward to opening. Continue reading “Re-Evaluating Your HSA for Your Workforce”

Sparking the Interest of Retirement Readiness with Your Employees

January 17, 2012

My favorite gift from this past Christmas has to be my new Kindle Fire.  I would have never bought one for myself, however, because I swore that the reading experience from turning the pages of an actual book could not be duplicated.  But now, I am a Kindle convert.  Not only because it gives the look and feel of a real page in a book; I now have access to hundreds of books for FREE in the Amazon bookstore.  Continue reading “Sparking the Interest of Retirement Readiness with Your Employees”

Open Enrollment: A Tale of a Lost Opportunity

September 27, 2011

It’s open enrollment season, and many employees are making the key decisions that will impact both their health coverage and tax situation for 2012.  Commonly, employees are seeing higher deductibles and co-pays, but are still not maximizing their ability to, not only cover this exposure, but to also shelter some of their income from taxes by utilizing an FSA or HSA. Continue reading “Open Enrollment: A Tale of a Lost Opportunity”

Are Employees Feeling Dis-satisfied with Their Benefits?

June 14, 2011

According to a recent study by Prudential, many employees’ perceived value and satisfaction with their benefits is declining.  Based on the fifth annual Study of Employee Benefits:  Today and Beyond, 45% of plan participants who were polled stated that their level of benefits has decreased this year,  and only 38% think their employer offers a wide range of benefits (down from 55% in 2007).  Specifically, employees feel they are receiving fewer benefits from their companies and paying more for the ones that are being offered. Continue reading “Are Employees Feeling Dis-satisfied with Their Benefits?”