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Friday 04/30/21 Walt Podgurski 440-773-1108 E-Mail
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Fact Sheet: The American Families Plan
THE WHITE HOUSE / whitehouse.gov / / Read Article

Today, President Biden announced the American Families Plan, an investment in our kids, our families, and our economic future.

The American Jobs Plan and the American Families Plan are once-in-a-generation investments in our nation’s future. The American Jobs Plan will create millions of good jobs, rebuild our country’s physical infrastructure and workforce, and spark innovation and manufacturing here at home. The American Families Plan is an investment in our children and our families—helping families cover the basic expenses that so many struggle with now, lowering health insurance premiums, and continuing the American Rescue Plan’s historic reductions in child poverty. Together, these plans reinvest in the future of the American economy and American workers, and will help us out-compete China and other countries around the world.
Read Complete White House Summary



The US is poised to exit the small club of countries with no paid parental leave
By Lila MacLellan / Quartz at Work reporter / / Read Article

Joe Biden wants to change the script on paid parental leave in the US.

In his first joint address to Congress, on April 28, the US president laid out his plan for a national paid family and medical leave program that would finally make the US less of a global outlier in its policies to support working parents.

His $1.8 trillion American Families Plan would, among other things, give working parents paid time off, with at least two-thirds of their salary (or up to $4,000 a month) covered by federal payments.

“A lack of family-friendly policies, such as paid family and medical leave for when a worker need[s] time to care for a new child, a seriously ill family member, or recover from their own serious illness, has been identified as a key reason for the US decline in competitiveness,” the White House said in a fact sheet explaining the plan.

The family and medical leave program will cost an estimated $225 billion over 10 years, at the end of which new parents would be eligible for 12 weeks of paid leave.




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Since launching in late 2017, LeggUP has helped organizations unlock employee potential and supported the expanded role of HR leaders turning their attention back towards people and culture development.

Register for this online event to see how Talent InsuranceTM can help your employer clients unlock their employee potential.

Thursday, May 6th, 2021, 2:00 p.m. EDT



Global InsurTech investment reaches all-time high of US$2.55 billion in Q1 2021
Willis Towers Watson / / Read Article

As fundraising activity in the global InsurTech sector continues to rebound from its brief COVID-19 related slowdown a year ago, global investment in the sector reached a new quarterly high of US$2.55 billion during the first quarter of 2021. The number of mega-rounds reached eight, more than any other three-month period, according to the new Quarterly InsurTech Briefing from Willis Towers Watson, a leading global advisory, broking and solutions company (NASDAQ: WLTW).

Total funding during the quarter grew by 180% when compared with Q1 2020, which suffered a deep decline due to fears surrounding COVID-19. The latest total grew by 22% relative to more comparable Q4 2020, while the number of discrete deals soared 42% higher than during the previous quarter. Investment was driven primarily by P&C focused companies, which represented 69% of deal share.

Eight companies accounted for more than $1.13 billion in funding during the quarter, 44% of the total raised.



Alaska waiver keeps individual health insurance rates down despite pandemic
Elizabeth Earl / Alaska Journal of Commerce / ANCHORAGE DAILY NEWS / / Read Article

The state’s two remaining individual health insurance plan providers on the marketplace, Premera Blue Cross Blue Shield and Moda Health, declined to significantly raise rates for 2021. While Moda’s stayed close to flat, Premera filed for a slight decrease: about 4.5 percent less on average. For a consumer on the average Bronze plan through the health insurance marketplace, that’s about $435 a month compared to $448 last year, and down about $100 a month since 2018, according to the Kaiser Family Foundation.

It’s hard to say what effect the COVID-19 pandemic has had on insurance rates, and it’s not entirely clear what will happen in 2022 yet. Nationally, 2021 individual plans rates varied widely, though in Alaska, the premium rates were trending down even before the pandemic. That’s in part because of the state’s ongoing “innovation waiver” reinsurance program, which began in 2017.

The reinsurance program lifts some of the burden from insurers by taking their most expensive individuals — highly expensive or catastrophic health cases — and directing their premiums to a nonprofit called the Alaska Comprehensive Insurance Association.



Wellness Matters: What Covid Taught Us About Wellness And Why Employers Should Do Even More
Deborah Lovich, Contributor / Forbes / / Read Article

This is a once in a lifetime opportunity for companies, public agencies and organizations of every kind to update the ways they support their employees, both at the office and at home.

Most companies able to do so stepped up their games to support their colleagues and co-workers during the pandemic. Now it’s time for them to recognize that they should have been doing this all along and look for ways to step it up even further. Their employees’ well-being is their organizations’ well-being; wellness matters.







Pet Benefits Solutions Introduces Wishbone Pet Insurance, Newest Addition to Its Suite of Pet-Related Benefits
PRNewswire / / Read Article

Pet Benefit Solutions introduced today its newest voluntary pet benefit to the market, Wishbone Pet Insurance. As the nation's leading provider of benefits for employees with pets, Pet Benefit Solutions recognized the challenges faced by HR departments offering pet insurance to their employees, and created Wishbone to address those challenges.


New pet health insurance brings better options to HR departments that care about their employees’ four-legged friends.
Available only through employer groups, Wishbone Pet Insurance is a result of over 100 years of combined experience in pet wellness and employee benefits. Wishbone's easy-to-understand plans cover accidents, illnesses, and routine care. Employees will enjoy fast claim turnaround times and personable customer service. Unlike other carriers, Wishbone does not average pricing for all pets, but instead provides the best value plan for each pet at competitive group-only pricing.



RADICL Partners With Visier to Transform Employee Engagement to a Whole Person Framework
BUSINESS WIRE / / Read Article

The human capital management (HCM) industry is changing rapidly in the post-pandemic world — employers and employees have unmet needs and new, unique challenges. To help resolve these issues, RADICL, an authority in people science and employee experience design, announces a partnership with Visier, the recognized leader in people analytics. RADICL’s advisory approach, combined with Visier’s platform, helps leaders better engage teams by using a whole person model, as organizations adapt to hybrid work environments, cultural turbulence and health and safety concerns.

“The RADICL approach of measuring employee experiences around people’s behaviors, perceptions and beliefs —in life and at work — enables breakthrough insights into how individuals and teams can flourish in this changing world,” said Ian Cook, VP of people analytics at Visier. “Visier’s proprietary analytics solutions help to frame the insights by providing a complete look at a company’s people landscape, delivering leaders the answers they need to make decisions for their teams and businesses, and build a resilient workforce.”

“Traditional employee engagement is not enough to understand the whole person experience. Companies have an obligation to provide something greater, act responsibly, and give back — to provide power to their people and inspire them to connect with a company’s purpose. At RADICL, we’re working to build a new category — humanization — to help make that a reality,” says RADICL co-founder Dan Riley. “Employers need to move beyond traditional engagement surveys, to use new people science and data sources to understand what employees are thinking and feeling, and whether they connect with a company’s purpose. Visier knows how to deliver these insights to people leaders better than anyone -- this marriage of RADICL’s unique advisory solutions paired with Visier’s analytics platform will deliver on that promise.”


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Archives
 
Monday, 04/26/21 - - Accolade To Buy PlushCare For Up To $450 Mln In Cash And Stock

Tuesday, 04/27/21 - -
As U.S. capital gains tax hike looms, wealthy look for ways to soften the blow

Wednesday, 04-28-21 - -
House Democrats push Biden to lower Medicare eligibility age

Thursday, 04-29-21 - -  Wheels begin turning in $2.7B Blue Cross Blue Shield antitrust settlement process

Friday, 04-23-21 - - Sen. Baldwin supports plan to allow ages 50-64 to ‘buy into’ Medicare
 
 
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Editorial Mission Statement: The goal of this publication is to provide readers a broad selection of what is being written about the insurance industry and related issues. Some articles may have a “tilt” towards a particular perspective one way or another. Inclusion in this newsletter is not an endorsement of any views or content; but report the various and differing views appearing in media.