What You Don’t Know Should Scare You
It’s almost Halloween, and I’ve been thinking about some of the scary conversations I’ve had with employers over the last couple of months. One comes to mind right away. I had a compliance [...]
Should Your Minor Child Be Your Beneficiary?
Individual life applicants and group life participants often want to name their minor children as primary or contingent beneficiaries for their policies. Over the years I’ve found myself [...]
A Combination Group + Individual Disability Claim Case Study
There are several good reasons to combine group long term disability (LTD) insurance with supplemental individual disability insurance (IDI) plans: Group LTD plans don’t always provide enough [...]
Recent Q&A With the Department of Massachusetts Paid Family and Medical Leave
We’ve had several questions from clients about the Massachusetts Paid Family and Medical Leave (PFML) law that I forwarded to the Department Family and Medical Leave. Others might have the [...]
Your Earnings Definition Can Cause Claim Problems
The definition of covered earnings in a group life and disability contract matters. It dictates how much premium should be paid and how much will be paid in claims. Here’s an example. [...]
Many Thanks
Open Enrollment Season isn’t an easy time to take a step back, breathe, and reflect on things, but I’m doing it today. We are so grateful to have so many wonderful people in our [...]
New Massachusetts Health Care Assessment
Governor Baker recently signed a law that will impact Massachusetts employers with 6 or more employees (full time or part time) to become effective January 1, 2018. The law is still awaiting [...]
When HSA Math Really Works
Several years ago, we added an HSA compatible option to our health plan. Both owners enrolled, and what struck me at the time was the math. I’m an owner at a limited liability company, so [...]
The Employee Benefits Philosophy Statement – A Roadmap for Results
Retirement plan sponsors often have an Investment Policy Statement that describes the standards to which the various fund options and money managers will be held. They provide objective criteria [...]
Outsourcing FMLA Administration to Your Disability Insurance Carrier
The Family Medical Leave Act (FMLA) is a federal law that requires covered employers to provide job-protected and unpaid leave for qualified medical and family reasons. It’s a fairly complex [...]
