The Key to Attracting Younger Workers to the Insurance Industry
by Xan Rousselle In the insurance industry, it remains a challenge to attract young people as customers, employees and agents. Only 17% of college students are familiar with the financial services...
View ArticleInsurers Focus on Off-Exchange individual Market
Many health insurers are turning their attention to off-exchange individual plan membership as more consumers withdraw from the exchanges, according to a report by Mark Farrah Associates. Although 4.9...
View ArticleSmall Businesses Are Rethinking Retirement Benefits
Small business owners are finding that the Affordable Care Act (ACA) has decreased the appeal of health care benefits to employees and increased the importance of a retirement plan, according to a...
View ArticleCovered California Announces Rates for Small Group Plans
Covered California announced the rates and expansion plans for its small group health insurance exchange. The statewide weighted average rate increase is 5.9%, for employers and their employees...
View ArticleGovernor Signs Balance Billing Legislation
Governor Brown signed the California Association of Health Underwriters’ top priority bill AB 72 (Bonta/Wood/Bonilla/Dahle/Gonzalez/Maienschein). AB 72 is bi-partisan consumer protection legislation...
View ArticleThe Rise of the Anywhere Worker
Eighty-nine percent of workers (from entry-level to executive) prefer to work outside of the office at least one day a week, according to a study by DialPad and Altimeter. The Work from Anywhere...
View ArticleSurprising Factors Influence Job Satisfaction
While pay and job security remain essential to employee satisfaction, trust, open communication, professional development, and company reputation play an increasingly important role, according to a...
View ArticleHow Clinton’s and Trump’s Health Reform Ideas Would Play Out
Hillary Clinton and Donald Trump have distinct approaches to health reform: Trump proposes to repeal and replace the Affordable Care Act (ACA) while Clinton wants to maintain and modify it. Two new...
View ArticleIRS Increases Tax Deductions for Traditional Long Term Care Insurance
The IRS increased tax deductible limits for traditional long-term care insurance premiums paid in 2017. Jesse Slome, director of the American Association for Long-Term Care Insurance (AALTCI) said,...
View ArticleKey Voluntary Market Trends and Tactics
An Eastbridge study finds that sales for individual voluntary products are flat while group sales are up 10%. The top two selling lines of business are again term life and dental, but accident rather...
View ArticleWhat Will Consumers Pay in Premiums for Covered California Silver Plans in 2017?
Covered California’s fourth annual open enrollment started November 1. CHCF’s ACA 411 data center provides the 2017 premiums for the second-lowest cost Silver plan in each of Covered California’s 19...
View ArticleHealth Insurance Market Faces Big Change with Trump
The Federal election, which saw Donald Trump win the presidency and the Republican Party retain control of both houses of congress, will significantly increase the probability of the repeal and...
View ArticleHow Millennials Are Affecting Benefits
A white paper by Colonial Life finds that employers need to change how they talk about benefits for Millennials in the workplace. Benefits including insurance are best cast as an important piece of...
View ArticleZenefits Hit with $7 Million Fine
The California Department of Insurance fined Zenefits $7 million. It’s the largest penalty assessed by any commissioner against Zenefits and one of the largest penalties for licensing violations ever...
View ArticleMore Consumers Are Relying on Brokers for Medicare Part D
A study by Connecture finds that Medicare enrollment through multi-carrier brokers is up 8.4%, from 29% to 38%. More Medicare beneficiaries are seeking help from brokers who can provide shopping and...
View ArticleTop Employment Trends and Challenges of 2017
Just a few of the challenges employers will face in 2017 include changing leave laws, the uncertainty of the overtime regulations, expanding equal pay initiatives, benefits, the Affordable Care Act,...
View ArticleACA Repeal Could Cost California More Than 200,000 Jobs
Repealing the Affordable Care Act would eliminate 209,000 jobs and cost the state economy $20.3 billion in GDP, according to research from the University of California, Berkeley’s Center for Labor...
View ArticleAmidst Political Uncertainty, the Shift to Value Continues
The year 2017 will be dominated by the continued shift toward value in healthcare as the industry adapts to a new era under the administration of president-elect Donald J. Trump, according to PwC’s...
View ArticleHealth Care Reform: What Is It About the Word ‘Repeal’ That You Don’t...
Lawmakers returned to Washington and wasted no time getting to work on the repeal of Obamacare. Sen. Mike Enzi, R-Wyo., introduced a resolution just hours after the new Congress convened last week that...
View ArticleTrump Promises Insurance for All as Obamacare Repeal Advances
President-elect Donald Trump says his plan to replace the nation’s health care law will include “insurance for everybody.” Mr. Trump made the comment in an interview with the Washington Post published...
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