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Insurance Options Expanding with Employee Interests

insurance options expanding

1.5 minute read

When it comes to benefit offerings, employees want options. And employers want to give their employees choices, despite facing escalating costs, limited budgets, etc.

The 2019 Medical Plan Trends and Observations Report analyzed over 1,000 employee benefit plans from over 200 employers. The report indicates that employers are designing benefits strategies that deliver the personalized options employees want in today’s marketplace, while containing health care costs at both the individual and organizational level.1

While older workers are more concerned about health benefits, younger generations like millennials, Gen X, and Gen Z are interested in lifestyle benefits and financial protections. Voluntary benefits are making a comeback with employers offering adoption assistance (offered by 19% of employers), financial wellness checks (7%), and backup childcare (7%).

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Supplemental insurance offerings jumped from 45% in 2018 to 75% in 2019. Accidental Death and Dismemberment also doubled in interest this year as well (60%).

Other report findings included:

For more trends and observations, read the full article.

1 Wooldridge, Scott. “Employers providing more benefit choices while still working to address costs.” https://www.benefitspro.com/2019/03/05/employers-providing-more-benefit-choices-while-still-working-to-address-costs/ Accessed 7 November 2019.

National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

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Denise Yanny

Denise Yanny

Denise Yanny is always looking out for her client’s best interests. Her background in benefit and claim administration makes her a trusted advocate who can help solve problems and tackle the important issues. She enjoys traveling and meeting her customers in face-to-face visits. As Account Manager for National Insurance Services, Denise works with schools, cities, and counties on their employee benefits, benefit communication, and wellness plans. She helps employees and employers answer policy-related questions, resolve employee claim issues with carriers, and assists with employee or insurance committee meetings. Denise is a licensed insurance agent with a Group Benefits Disability Specialist (GBDS) designation.