Starting this year, federal employees can choose plans that cover several fertility services, including up to $25,000 annually for in vitro fertilization procedures and up to three artificial insemination cycles each year.
Facing economic fluctuations, rising overhead costs and consumer expectations, benefits brokers and advisors have the unique challenge of meeting the consumer where they are today and navigating this evolving landscape on behalf of the companies that they serve.
Target date funds are becoming a crowded space in the marketplace and managers are looking for ways to differentiate their products through personalization and retirement income, says a Mercer report.
Retirement plan design is moving away from a one-size-fits-all environment to emphasize individuals' unique needs and improve participant access, however, employers must be sure not to confuse participants with too many options.
The pending legislation will have little effect on employers' processes, but it's a good reminder about the importance of educating employees about the impacts that life changes, like divorce, may have on their benefits.
By embracing innovative benefit solutions and leveraging technology, companies can support the financial wellness of their employees, leading to a more productive, engaged, and loyal workforce.
Benefits advisors need to work closely with HR leaders and benefits administration providers to look at budgets and help them re-discover how core benefits can provide a total wellbeing approach to employees and their dependents. Here are nine ways they can do just that.