News and Announcements
SelectQuote Plans to Add 225 Employees
SelectQuote will hold an open house July 1 as it seeks to fill openings for 225 new employees. SelectQuote plans to fill the positions by August in advance of Medicare’s annual enrollment period that begins in mid-October.
Employees Want Their Employers to Continue to Offer Benefits
Employees Want their Employers to Continue to Offer Benefits that can be conveniently purchased at work and paid through payroll deductions, according to our recent employee survey.
Private Exchanges Help Retirees Manage Healthcare Costs
Research by SelectQuote Benefit Solutions, a provider of insurance exchange services, reveals three ways private healthcare exchanges can aid employees in planning for retirement.
Seeing Around the Corner to Five Trends in Voluntary Benefits
Voluntary benefits are no longer a “nice to have” but an essential component of the benefits program. See how progressive employers have restructured their benefit program in order to attract and retain employees in today’s marketplace.
Defining the New Normal: What are Private Exchanges and How Will They Change Health Insurance?
What is a “private exchange”? Whatever the needs of your organization, there is likely a private exchange model out there for you.
Consumer-directed Healthcare Plans Continue to Grow in Popularity
Consumer-driven healthcare plans are growing at a steady rate with more businesses and organizations beginning to offer the options to their employees.
Benefits Administration Trend, Truths and Tech in 2014
2014 is poised to change and challenge the way businesses approach and administer employee benefits. Chris Wakely, Thomsons Online Benefits North America, provides his perspective on benefit administration trends in 2014.
Top 10 Private Exchange Articles for 2013
More companies letting retirees get the coverage they want
Companies increasingly are providing retired employees with plans that offer them the flexibility to construct personalized health benefits. Keeping costs down is important for both retirees and former employers. Exchanges can help do that and it’s a trend that shows no signs of slowing down, according to industry executives.
Obamacare Sign-Up Deadline Extended
"The Department of Health and Human Services announced today that the deadline to apply for Jan. 1 coverage will be extended by one week, from Dec. 15 to Dec. 23. Learn more about the extended coverage date change."
Early retirees: Don't fear losing your health insurance
"Early retirees will be the biggest beneficiaries of the exchanges," says Caroline Pearson, vice president at the consulting group, Avalere Health.
See what’s next for the ACA’s health insurance exchanges and how employers may respond
"...the public exchanges have brought several issues to the forefront for employers and brokers alike and they are bracing for challenges over the coming months. As the public exchange launch is imminent, here's what we know for sure."
Obamacare Will Increase Avg. Individual-Market Insurance Premiums By 99% For Men, 62% For Women
"Based on a Manhattan Institute analysis of the HHS numbers, Obamacare will increase underlying insurance rates for younger men by an average of 97 to 99 percent, and for younger women by an average of 55 to 62 percent. Worst off is North Carolina, which will see individual-market rates triple for women, and quadruple for men."
Consumers Need To Learn How To Drive Health Care Decisions
Rising health care costs and the move toward consumer-driven plans are leading to a growing need for voluntary insurance products employees can purchase with their defined contribution dollars. Voluntary insurance plans can provide a much-needed resource in the face of a high-deductible health plan."
The New Ideal Retirement Age
Most working Americans are no longer planning to retire by the time they turn 65. Many prefer to work longer either to save more or simply because they enjoy what they do. Other influencing factors?
7 Decisions in Retirement that Affect the Rest of Your Life
There are several decisions you will make at the beginning of retirement that greatly impact the rest of your life financially. From 401(k) savings to Medicare, this article highlights the most important ones so you can prepare for a financially stable retirement.
One-in-Four Consumers Will Receive Employer Health Benefits Through Insurance Exchanges in Five Years
Private exchanges represent a significant shift for consumers in buying insurance. Consumers will need to better understand their options and the impact of their decisions, while employers change the way they offer and contribute to employees benefit programs.
How to Pick the Best Life Insurance Policy
Do you need life insurance? What should you look for? In the majority of cases a simple term-life policy is best, and here's why.
Retiree Health Care Benefits: The Next Shoe to Drop?
Kentucky is taking a rather unusual approach and opting to issue bonds in order to cover it annual costs for "other post-employment benefits" (OPEB). Actually, there is a solution that offers balance sheet relief to the insuring entity (Kentucky, in this case) while offering benefit choice and lower costs to the retiree.
Medicare Advantage: The Future Looks Good
This year, nearly 30 percent of Medicare beneficiaries are enrolled in Medicare Advantage (MA) plans. Enrollment has continued to grow each year – from 2012 to 2013, MA plan enrollment increased by 1.2 million. In the next 10 years, the Congressional Budget Office anticipates 21 million Medicare Advantage participants, in comparison to this year's 14 million. Experts agree that MA plans, such as those offered through SelectQuote Senior, are here to stay.
UPSEU Local 1222 Announces Partnership with SelectQuote Benefit Solutions
UPSEU has partnered with SelectQuote Benefit Solutions to provide all UPSEU Local 1222 members with access to auto and home insurance at incredibly competitive rates. As the value-added insurance provider, SQBS operates an insurance exchange that shops multiple A-rated insurance carriers in real time to find the best possible rates for the insurance needs of all UPSEU members and their families.
What's Really Important When Purchasing Life Insurance?
Finding a life insurance company that cares about you, your family and your policy may be hard to come by. SelectQuote is an organization that has agents working to help you in the best way they can. We represent A-rated carriers, and getting you a life insurance policy that suits you and your family’s needs is our goal at the end of the day.
Retired Couples May Need $220,000 for Health Care
For the second time in the last three years, estimated medical expenses for new retirees have fallen, according to a study released Wednesday by Fidelity Investments. A 65-year-old couple retiring this year would need $220,000 on average to cover medical expenses, an 8 percent decrease from last year's estimate of $240,000. The study assumes a life expectancy of 85 for women and 82 for men.
Voluntary Benefits: a Win-Win-Win According to Industry Experts
Voluntary benefits happily serve companies, employees and brokers. According to BenefitsPro's article documenting the changes in employee benefits, employees who are offered voluntary benefits reported higher satisfaction with their benefits than those who were not offered voluntary products. With SelectQuote Benefit Solutions' insurance exchanges, your employees can begin reaping the benefits of our auto, home, life and medicare coverage.
Ancillary Benefits Viewed as a Differentiator Among Employers
Preliminary results from the 2013 Ancillary Products Study by United Benefits Advisors (UBA) with responses from nearly 12,000 U.S. employers indicate that these benefits are increasingly viewed by job candidates and employees as a differentiator among employers.
The ABCs of Rating Life Insurance Companies
Ratings matter when looking at life insurance companies. Policy holders should be aware of his company's status, whether it be "secure" or "vulnerable". A.M. Best Company focuses exclusively on the insurance industry. All SelectQuote carriers are A-rated, to ensure the best coverage for our customers.
One American Retirement Plan Participant Survey Questions Employees' Confidence in Retirement Planning
Recently, the One American Retirement Plan Participant Survey found that only 33 percent of women feel confident about their ability to retire and maintain their current lifestyle. As health care costs are a large portion of retirement costs, provide your retirees with the SelectQuote Medicare Exchange to help manage these costs. Our licensed agents will guide your retirees to the best Medicare plans for their retirement needs, ensuring they are receiving competitive pricing on plans.
Employers are Turning to Ancillary Benefits to Combat Rising Costs
The United Benefit Advisors' Ancillary Products Survey explains that employers are turning to ancillary benefit products such as life, auto and home insurance in order to combat rising costs. Oftentimes, these benefits can be offered to employees for little to no additional cost to the employer or organization. SelectQuote Benefit Solutions can help expand your organization's ancillary benefit offerings, adding value to your benefits package.
Advisers Need to Strongly Advocate for Plan Design, Says Principal
The Employee Benefit Research Institute (EBRI) 23rd Annual Study on Retirement Confidence shows that 28% of Americans are not confident in their financial security and preparation for retirement. People who seek professional advisers are more confident in their plans. This includes planning for Medicare coverage. SelectQuote Benefit Solutions will advocate for your retirees. Your retirees will have a licensed SelectQuote Senior agent available to analyze their needs, and guide them to choose the best plan for their individual needs.
The Next Generation of Voluntary
According to a newly released study by J.D. Power and Associates, customer satisfaction with homeowners insurance companies is at a 12-year high.
Seventh Annual Study of Employee Benefits Today and Beyond
Prudential, one of our trusted insurance carriers, releases a study on group voluntary benefits, where lower cost of benefits was found to be the top advantage for employers. Through the SelectQuote insurance exchanges, your employees or members have the ability to shop the best plans for the best rates, resulting in cost savings and convenience.
Voluntary Benefits Expected to Gain Popularity
Employees who are highly satisfied with their benefits are six times more likely to stay with their employers. Learn more about why voluntary benefits are gaining popularity.