Recent News
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Debt-reduction is low priority
The economy may have consumers a little more short-sighted than they otherwise would be.
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Consumers need more CDHP education
Brokers may not be doing right by their clients when it comes to high-deductible health plans.
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Three ways to save a floundering 401(k)
As employers trying to stay afloat during the recession eliminate 401(k) matching, they risk losing the plans altogether as employees cut back their own contributions, cutting into the plan's viability.
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Industry association expands member network
Benefits Advisors Network recently announced it plans to expand into 21 new markets in the United States.
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401(k)s: Where's the love?
Despite an overall shift in employers' attitudes toward improving employee behavior regarding retirement needs, employees are still resisting participation in 401(k)s.
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Debate over research slows Medicare proposals
The Senate Financial Committee recently suggested a cap on Medicare payments in geographic areas where per-beneficiary spending exceeds an as-yet-undetermined threshold, the New York Times reports. Another proposal would exclude low-spending areas from wider Medicare cuts.
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AlwaysCare simplifies sales process
AlwaysCare Benefits recently created a new service to help producers simplify the sales process.
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CAIC gets rating bump
A.M. Best Co. recently upgraded Continental American Insurance Company's financial strength from B++ to A- and the issuer credit rating from BBB+ to A-.
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Federal judge rules on fraud alerts
A U.S. federal judge recently ruled that LifeLock Inc. was acting illegally by placing "fraud alerts" on consumer credit files.
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BREAKING NEWS: AIG sells headquarters, other property
AIG has agreed to sell several properties, according to Bloomberg, including the New York headquarters and an adjacent building.
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Claims administrator augments data platform
HealthSCOPE recently partnered with Benefit Informatics to implement a data analysis and reporting platform for self-funded employee benefit plans as part of its DataSCOPE project.
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Watch live Webcast of health reform discussion
Director of the White House Office of Health Reform Nancy-Ann DeParle will participate in a Stakeholder Discussion for the U.S. Department of Health and Human Services today at 1 p.m. Eastern Standard Time.
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New online reference for advisors launched
Summit Business Media recently launched a new subscription-based online reference tool for financial advisors and insurance professionals.
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E-mail may improve wellness program success
A study by the Kaiser Permanente Division of Research found employees respond better to wellness initiatives when they are targeted directly at individuals, rather than forcing them to access messages through the Internet.
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Industry partnership enables transparency
Homeland HealthCare and Hammerman & Gainer have partnered with TransEngen Inc. to provide a point-of-salse claims adjudication platform to health care providers that enables them to verify patient eligibility and payment terms while patients receive care.
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Guardian adds comprehensive consumer-driven plan
Guardian Life Insurance announced yesterday, it is adding a comprehensive, high-deductible health care plan to its offering.
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Long-term care bill goes to House
The Long-Term Care Affordability and Security Act, which aims to facilitate saving for retirement, was introduced in the House of Representatives yesterday. The Act will allow employers to include long-term care insurance in their cafeteria plans and flexible spending accounts, using employees' pre-tax dollars for contributions.
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HSA debit cards major selling point
In a survey of nearly 900 health savings account holders who use a debit card to access their account, two-thirds said the "availability of the card influenced their decision to sign up for the benefit."
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AALTCI creates critical illness insurance association
A new professional insurance trade organization has been established to help insurance and financial professionals successfully market critical illness insurance protection.
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Drug companies, insurers agree to lower drug costs
Cutting health care costs may get a little easier. The New York Times reports some drug companies are cutting deals with insurers that tie the cost of the drug to its performance.
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(c) 2008 Benefits Selling. A Summit Business Media publication. All rights reserved. www.summitbusinessmedia.com