AIA, Alera Group Insights

Your employees can enjoy the benefit of paying their long-term-care insurance premiums tax-free — if you offer a Health Savings Account (HSA). Funded with employees’ pre-tax dollars, HSAs are not subject to taxes when withdrawn for qualified medical expenses. Employers can only offer HSAs... Find out more »

Most companies aren’t insured for natural disaster and federal disaster relief is often too little and too late. Even though the cost of natural disasters in 2017 was approximately $300 billion in the U.S., less than half — $130 billion — was insured, according to research by Swiss Re. The... Find out more »

After salaries, Health care benefits are an employer’s largest employee-related expense, according to the Bureau of Labor Statistics. A 2016 survey by the Society for Human Resource Management (SHRM) pegged the annual cost in 2016 at $8,669 for each employee. At the same time, employers are... Find out more »

Workplace wellness programs reduce medical costs, absenteeism and health-related productivity losses, yet many employers find it difficult to measure the success of their programs. Simply enrolling in a program or engaging in an arbitrary number of actions is not predictive of improved health... Find out more »

Workplace wellness programs reduce medical costs, absenteeism and health-related productivity losses, yet many employers find it difficult to measure the success of their programs. Simply enrolling in a program or engaging in an arbitrary number of actions is not predictive of improved health... Find out more »

A vendor survey found that 39 percent of employees want to buy identity theft insurance through their employer. Are you providing this valuable benefit? Identity theft occurs when someone uses another person’s personal identifying information without authorization to open charge accounts,... Find out more »

You’ve worked hard to choose and provide the right group health benefit plan for your employees. The premiums are reasonable, the deductibles are low and plan participants have a good choice of health care providers. That’s a good start, but there’s something else you should do — educate... Find out more »

Many small employers are turning to self-funding to provide economical group health benefits to employees. A growing number now use reference-based pricing to lower costs. Reference-based pricing is a way for employers who self-fund their benefits to limit costs by paying a fixed amount for... Find out more »

Smoke detectors and fire extinguishers are important but the best way to fight a fire is to prevent it from starting. When it comes to fires, residential fires come to mind first. But commercial properties are also vulnerable. The National Fire Protection Agency reported 113,500 non-residential... Find out more »

As with almost every other industry, the digital world is bringing changes to the insurance industry. The speed and convenience of digital transactions that shoppers and banking customers appreciate are now coming to insurance claims handling. In a study by LexisNexis Risk Solutions, 24... Find out more »