One in four employees currently cares for an older or disabled adult. Of those employees, nearly half (44%) have missed work time to care for a loved one, finds a new national survey of working adults conducted by work-life benefits firm Workplace Options.
Looking to spice up your benefits package? Concierge benefits can bring high-value services at low-to-no cost to small and mid-size businesses (SMBs).
There's the age-old saying that an apple a day keeps the doctor away. But what if that apple was really a carton of fresh apples, bananas, oranges and other seasonal fruits, delivered fresh from local growers to your office each week?
Looking to spice up your benefits package? Personal service, or "concierge," benefits can bring high-value services to SMB employees at low to no cost to the employer.
As goes major medical, so goes dental. While employers look to dam up health care cost increases, dental benefits - although still significantly less expensive - also are being reconsidered in a cost-containment light.
New research shows that industry players are slightly less bullish on the voluntary market than they were a year ago. Interest, hope and expectations still remain high, however.
In the 1980s, there was Black Monday, and the early 2000s brought the dot-com bust. Now, 2007's mortgage meltdown may rival the magnitude of those market fiascos. The subprime upheaval has sent a shock through the nation's lending system, creating a surge in the number of workers seeking advice and services from their employer's group legal plan.
Although medical carriers continue to consolidate, that doesn't mean they are offering more of the same old thing. It appears more and more major medical companies are branching into the voluntary market, according to a study by Eastbridge Consulting. The depth of this trend varies widely as some companies are offering a full menu of voluntary products while others are just introducing one or two.
The publishing company that produces Kiplinger's Personal Finance recently introduced a long-term care insurance benefit for their writers and other employees. They also just recently shot and produced a 22-minute video explaining the coverage for their readers and other would-be LTC consumers. John Hancock sponsored the video.
For employees at large and even midsize companies, voluntary benefits are nothing new. Competition for talent has prompted employers to add a broad array of employee-paid "extras" such as cancer insurance, short-term disability coverage and even home and auto insurance to their plans. For small organizations, this trend is definitely raising the benefits bar.
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