The benefits broker in the marketplace: self-funding of group insurance benefits

Article Abstract:

Self or partial self-insurance funding of employee group benefits are used most often in medical, disability, vision, and dental care plans and can provide employers with many advantages which should be weighed against the disadvantages. Advantages include employer retention of claim reserves, increase in cash flow, exemption from state insurance laws, and elimination of some state taxes. Disadvantages include increased costs, legal requirements regarding equality in eligibility and benefits, legal liability, and complicated renewal and termination issues.

Analysis, Self-insurance, Self insurance

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Communicating employee benefits

Article Abstract:

An important and often neglected component of employee benefit plan administration is the employee communication process. Clear, simple, and current communications regarding plan benefits and choices between benefits can be accomplished through materials in outline formats. Plan complexity may require many employers to seek outside expertise to aid them in their communications program.

Management, Reports, Human resource departments, Business communication

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Employee benefit planning

Article Abstract:

Employers providing benefits for their employees want to do so in the most cost-efficient manner. Advice for this service can come from a benefits broker, consultant or agent, who should be chosen before considering product or price. Although no single adviser understands all an employer's objectives, they are experts in the many forms of benefits available in the marketplace.

Usage, Business consultants, Management consultants

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