Insurance Advisor

The 411 on Open Enrollment 2019: Educating and Empowering Your Employees

Open enrollment is a period of time each year when employers permit new employees to enroll in a health plan and allow current employees to make changes to their existing medical coverage. During open enrollment, employees may decide to change plans, add or drop a dependent or add an optional benefit, such as a dental plan. When it comes to open enrollment, effective communication is key. Employers can assist employees during open enrollment by distributing materials that explain new health options and changes to existing benefits. Here’s how… Open Enrollment... Read More

How to Save For Your Retirement

How to Save For Your Retirement

Starting a retirement savings plan can be a daunting prospect. Developing the habit of putting money into savings each month is a good place to start.  Knowing how to save for your retirement so your money grows safely is essential to meet your retirement goals. Here are a few of the places you may want to consider as part of your retirement investments: Savings accounts, money market mutual funds, certificates of deposit (CDs) and U.S. Treasury bills. These are often referred to as cash or cash equivalents because you can... Read More

How To Ensure Data Privacy And Cyber Security

How To Ensure Data Privacy And Cyber Security

As we store more and more of our information digitally, especially in the business world, companies need to be aware of and take proper measures to ensure data privacy and cyber security. This applies to both internal company and employee records, and customer data. It is the responsibility of the business owners to protect this critical data, especially to ensure data privacy for their clients. Failing to do so can result in a data breach, which costs companies billions of dollars every year. Understanding the risks involved with data security... Read More

How A Self-Funded Health Plan Can Work for You

How A Self-Funded Health Plan Can Work for You

Self-funded health plans are becoming an increasingly popular way to provide health benefits to your employees. Self-funded health plans are an alternative to working with a traditional health insurance provider for companies that want to be able to self-manage their employees care. Most often, rather than hiring additional staff to manage the day-to-day workings of the plan, companies will contract with a plan administrator, who will actually work with employees and providers to provide care and make sure claims are evaluated and paid properly and timely. While a self-funded health... Read More

8 Unusual Insurance Policies for the Really Unexpected

8 Unusual Insurance Policies for the Really Unexpected

You’ve insured your home, your car, your business, and probably even your life. But are you really covered for those unexpected instances in life? We’ve all seen the odd insurance claims, thanks to a couple of recent advertising campaigns by some large insurance companies. But those are all things covered under ordinary insurance policies, like homeowner’s insurance or automobile insurance. What are you do doing about the really unexpected events in your life? Lloyds of London, which by the way is not actually an insurance company,  has long been known... Read More

Accident Insurance Can Protect Your Finances When You Get Injured

Accident Insurance Can Protect Your Finances When You Get Injured

Accidents happen. Whether it’s falling off a ladder, throwing out your back helping your neighbor move or overestimating our athletic abilities, sometimes we get injured. And along with those injuries come unexpected medical bills and the possibility of lost time from work, and other unanticipated expenses.  All these things can lead to financial challenges as you try and figure out how to pay those bills. Accident insurance can help cushion the blow.. If you don’t want to be caught financially unprepared to handle an accident, consider accident insurance. What Is... Read More

Help Your Employees Be Smart with Their Money with Financial Planning Assistance

Help Your Employees Be Smart with Their Money with Financial Planning Assistance

Financial education is a hot topic these days. Money used to be a “taboo” topic. As a result many people have not had the opportunity to learn smart financial planning principles. As an employer, you can help correct this problem and help your employees learn to be smart with their money. By offering financial planning assistance as part of your employee benefit package, you provide your employees with critical education and service. You may also help alleviate one of the biggest stressors, helping to create confident, happy and productive employees.... Read More

What You Need to Know About the Two Types of Travel Insurance

What You Need to Know About the Two Types of Travel Insurance

The subject of travel insurance often comes up when planning an international trip. Many travel sites will offer users the opportunity to purchase travel insurance as part of their trip planning.  But many of them don’t distinguish between the two types of travel insurance, leaving travelers potentially unprotected. It’s important to know what the two types of travel insurance are, how they differ, and why you might need each one. Trip Cancellation or Interruption Insurance This is the travel insurance most people are thinking of when travel insurance comes to... Read More

Disability Insurance: What it is and Why You Need It

Disability Insurance What it is and Why You Need It

Disability Insurance may be one of the most essential and most overlooked insurance coverages. When it’s time to select insurance benefits, most people think of health, dental, vision and life insurance, but are often slow to consider disability insurance. The reality is that at least one-third of American workers will be disabled and have to miss more than 90 days of work during their careers. And more than one in four can expect a disability that will last a year or more before they reach retirement age. And the vast... Read More

Are You Helping Employees to Avoid Distracted Driving?

Are You Helping Employees to Avoid Distracted Driving

Every day, more than 1,160 people are injured in crashes involving a distracted driver, according to the National Highway Traffic Safety Administration (NHTSA). In addition, the NHTSA claims that driver inattention is the leading contributor in most crashes or near-miss accidents in the United States. One of the chief causes of driver inattention is cellphone use. Cellphone use has become commonplace, and text messaging, emailing and conducting business via cellphone have become routine. While the convenience of cellphones can be enormous, problems arise when using a one while driving. A... Read More