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Supplemental Health Products Surge as Employees Seek Layered Coverage

Supplemental Health Products Surge as Employees Seek Layered Coverage

In a year defined by rising healthcare costs and shifting employee expectations, supplemental health insurance products are experiencing a notable surge. According to LIMRA’s latest workplace benefits sales data, accident, critical illness, and hospital indemnity insurance sales rose 11% year-over-year through the third quarter of 2024. This growth reflects a broader trend: employees are increasingly […]
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Group Benefits vs. Higher Salaries: What Employees Really Value

Group Benefits vs. Higher Salaries: What Employees Really Value

When it comes to attracting and retaining top talent, many employers default to salary as the ultimate bargaining chip. It’s a tangible number, easy to compare, and hard to ignore. But in today’s evolving workforce, compensation is more than just a number on a paycheque. Employees are looking for meaningful, long-term value, and for many, that […]
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Battle to Make Employees Care About Benefits Sign-Ups

Battle to Make Employees Care About Benefits Sign-Ups

Despite the importance of open enrollment, most employees lack enthusiasm when asked to review health insurance and other benefits forms annually. Nearly 7 in 10 (67%) spend 30 minutes or less on options, per a 2023 Voya Financial survey, with 42% taking just 20 minutes. Additionally, around 90% opt for the same selections as the […]
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How to Choose the Right Mix for Employees

How to Choose the Right Mix for Employees

With the number of potential employee benefits rising swiftly, employers face tough choices, deciding which perks provide the highest value. As of 2024, the range of possible job benefits has expanded to 216, up 23% from 175 just two years ago, according to data from the Society for Human Resource Management‘s annual benefits survey. That […]
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Why You Should Encourage Employees to Take Time Off

Why You Should Encourage Employees to Take Time Off

A troubling new study reveals that the majority of employees are not using all of their paid time off (PTO), costing them and their employers. PTO Going to Waste According to a report by FinTech company Sorbet, 62% of employees with PTO did not use all of their vacation time in 2023, letting a third […]
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Give Employees Peace of Mind with Accident Insurance

Give Employees Peace of Mind with Accident Insurance

Unexpected injuries can lead to financial stress for many workers. With accident insurance, employers have an opportunity to provide additional financial support to employees. What Accident Insurance Entails Accident insurance policies provide cash payments directly to the insured to help cover costs related to injuries sustained in covered accidents. These lump-sum payments can be utilized […]
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