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We're seeing a lot of product news and client offerings coming across the wires this week. The employee benefits and retirement industry continues to grow and create.
The Disability Management Employer Coalition (DMEC), the professional association for absence and disability professionals, and workplace law firm Jackson Lewis P.C. announced a new collaboration to provide a complimentary, streamlined version of Jackson Lewis' Leave and Accommodation Suite of online tools to DMEC's membership.The Leave & Accommodation Suite is part of Jackson Lewis' workthruIT offering.
LIMRA released the first set of data exchange standards focused on post-enrollment data for the employee benefits market. The LIMRA Data Exchange Standards (LDEx) are designed to standardize the data exchanged between insurance carriers and benefits administration technology companies for non-medical employee benefits. The first version of LDEx is Benefits Enrollment Management 1.0 lets benefits administration technology companies send coverage elections, changes and terminations, as well as non-coverage demographic changes to a carrier in a consistent XML format.
Lively announced the launch of its Flexible Spending Account (FSA) offering that will include Medical/Healthcare FSAs, HSA-Compatible (aka Limited Purpose) FSAs, and Dependent Care FSAs. The Lively FSA will be available for employers starting January 2021.
Massachusetts Mutual Life Insurance Company is offering an emergency savings solution to workers participating in one of the insurer's 401(k)s or other defined contribution plans. MassMutual is making the emergency savings solution available automatically through MassMutual's MapMyFinances financial wellness tool. The accounts require a minimum deposit of $25 per month, are FDIC-insured and taxable.
Human capital management company Paycor announced its new Scheduling and Scheduling Pro solutions. Key features of Paycor Scheduling include the ability to develop templates, schedule employees via mobile device, send notifications and shift reminders in real-time. With Scheduling Pro, clients get the benefits of Paycor Scheduling plus additional features.
PreferredOne announced that it now offers Learn to Live to its self-insured clients that have 200 or more employees. These clients can provide Learn to Live's interactive digital programs to their employees for help with mental and emotional health concerns. Learn to Live's services are now available to more than 3.5 million members across the United States.
RxSense, the healthcare technology company, announced the launch of RxIQ, enhancing its enterprise solution for pharmacy benefits administration, RxAgile. RxAgile's new RxIQ analytics dashboard includes such features as customizable dashboards, detailed business reports and monitoring.
Scripta Insights, a healthcare IT company, offers Script.AI. It categorizes pharmacy spend, offers customized plan design based on data insights, and provides customized reporting with recommendations and savings strategies. A Pharmacy & Theraputics committee of more than 25 doctors and pharmacists reviews and advises on medications and potential substitutions.
TIAA announced that it will offer a Health Savings Account to its institutional retirement plan clients to help their participants prepare for health care expenses now and in retirement. The TIAA HSA will be administered by HealthEquity, Inc. and will work in concert with TIAA retirement plans. The TIAA HSA will be available in the first quarter to all institutional clients that offer employees a high-deductible health plan.
WINFertility, the fertility benefits management company, has launched an enhanced digital user experience with features added to its newly designed mobile app.The new app features video nurse consultations with WIN's clinical care management team, a personalized benefits center, mobile appointment scheduling, fertility education content and digital fertility tracking tools.
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