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Walt Bernard Podgurski,  Editor,  440-773-1108, 

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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.
  Wednesday, 09/04/19 - https://DailyInsuranceReport.com 

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The "Daily Insurance Report" publishes the life insurance, health insurance, and employee benefits news that matters.

Walmart tests the waters for digital healthcare
Mark Brohan / Digital Commerce 360

For the first time, Walmart is rolling out a digital healthcare site—WalmartHealth.com—that gives consumers web tools to book medical appointments to see a physician and other services.

The world’s biggest chain retailer apparently isn’t ready to cede digital healthcare to the globe’s biggest online retailer—Amazon.com—and any other big drugstore chains just yet.

Walmart Inc., which operates more than 11,200 stores in 27 countries and ecommerce sites in 10 countries, is slowly expanding its rollout of more healthcare walk-in clinics in a small number of stores.

But for the first time, Walmart, which has 4,756 stores in the U.S. is adding on a digital healthcare site—WalmartHealth.com—that gives consumers web tools to book medical appointments to see a physician, a dentist, a mental health expert or an eye doctor in addition to scheduling hearing tests and immunizations.

NXT  NXT Employee Benefits Investor Forum
NXT offers a boutique service for the “Founders and CEO’s” of “Start-Up,  Early Stage, & SME” companies in the “Employee Benefits” marketplace.

We create the opportunity for innovative entrepreneurs to “pitch” their company to Venture Capitalists, Private Equity Firms, Angel Investors, Representatives from Insurance Carriers / Banks Who Have an Internal Venture Fund and/or Seeking Strategic Relationships, Product and Distribution Heads at Insurance Companies, and IMO’s.


A New Health Insurance Plan is Now Available to Help Employers and Uninsured Working Americans with a Desperately Needed Affordable Option
Aaron Cook | Co-Founder & President

Coterie Advisory Group, Inc (Coterie) announced today the launch of a new group health insurance plan for the employer marketplace. The medical plan, named Fundamental Care, is designed to help solve the fundamental problems that plague the U.S. today – namely the issues surrounding affordability and high-deductibles. Employers and employees alike have been struggling with their current options where premiums are too expensive and cost-saving measures of increasingly high-deductibles have made their insurance plans unusable, leaving employees with huge financial burdens.

Since the Affordable Care Act was passed in 2010, the average monthly premium for an individual has risen to $440 per month with an average deductible of $4,533. When surveyed, many Americans indicate that $200 per month (or less) is what they would define as affordable. Considering that 70% of working Americans are living paycheck-to-paycheck and 40% indicate that they don’t have enough savings to cover a $400 emergency, it is apparent that an affordability and high-deductible crisis exists in the health insurance marketplace today.

With Coterie’s Fundamental Care plan, they have developed a unique medical plan structure along with an alternative funding arrangement which has created significant cost savings and a usable health insurance plan with meaningful coverage. The pricing of Fundamental Care is targeted to be 70% the cost of traditional high-deductible health plans, yet it has the benefit of no deductibles.

  • Discounted Medical Rates with Accident / Critical Illness / Hospital Income
  • Free Benefit Administration for 2 years
  • Free Case building
  • PLUS Flexible Spending, ACA, etc.
 Taking Q4 orders now 

What Happens When You Don’t Pay a Hospital Bill
As Americans sink under medical expenses, debt collectors go to great—and sometimes strange—lengths to collect.
OLGA KHAZAN / The Atlantic

About 43 million Americans have unpaid medical debt dinging their credit, and half of all overdue debt on Americans’ credit reports is from medical expenses, according to a Consumer Financial Protection Bureau study from 2014. The debt typically comes from out-of-network doctors who people thought were in-network, hospital stays, or ambulance rides. About one in six Americans received a surprise out-of-network medical bill in 2017 after being treated in a hospital, even though they had insurance, according to Kaiser Health News.

Companies can try to collect on medical debt virtually forever. Although old debt is easier to escape in court, little prevents debt collectors from trying to collect on it. “Debt never dies,” says Craig Antico, a former medical-debt collector and a co-founder of RIP Medical Debt, an organization that buys and eliminates medical debt. Only Wisconsin, North Carolina, and Mississippi clear certain debts once they are past the statute of limitations.

Retirement Plan Investors Who Work With Advisors See Bigger Balances
Lawrence Carrel, Contributor / Forbes

Most retirement plans, such as 401(k)s, typically lock you into a plan that offers a small selection of mutual funds for the participants to invest in.

However, more retirement plans are letting participants have a brokerage account within the plan. This allows investors to invest outside the plan's investment offerings, and put their money into any mutual fund, exchange-traded fund, stock or bond they choose.

Among these self-directed brokerage accounts (SDBAs) only 20% of the participants worked with an advisor, according Charles Schwab's SDBA Indicators Report for the second quarter of 2019. The study found that the SDBA participants who worked with an advisor had an average balance of $448,515 – nearly twice as much as the $234,673 held by non-advised participants

American Workers Want Life Insurance as an Employee Benefit, Survey Says

Although 28 percent of employed1 Americans have voluntary group life insurance through their employer, 59% of workers who say they don’t because their employer doesn’t offer it say they would be likely to purchase it if it was an option.

That’s according to a survey conducted online by The Harris Poll on behalf of OneAmerica® of over 1,000 U.S. adults 18 years or older who are employed full- or part-time2 that illustrated why this foundational employee benefit is coveted — to protect themselves and their loved ones from future financial hardship.

The OneAmerica/Harris Poll provided opportunities for carriers to address:

28% of employed Americans have voluntary group life insurance through their employer, and significantly more male employees (31%) than female employees (24%) say they have it.

29% of younger employees, ages 18 to 34, have voluntary group life insurance through their employer; the next-closest, at 28%, are ages 35 to 44 years old.

Employees with annual household incomes between $75,000 and $99,999 are more likely than those with annual household incomes of less than $50,000 to have voluntary group life insurance through their employer (35% vs. 17%).

Lesser-known benefits of EAP employees should know
By Advocate Aurora Health

Many employees consider their employee assistance program (EAP) as a go-to resource for behavioral health, substance abuse or family and relationship issues. But an EAP can be so much more.

Offering employees a full scope of EAP benefits — including those that address work-life balance issues — can make good financial sense for business owners. A comprehensive EAP can help employees and family members manage a wider range of problems that otherwise could negatively impact work performance.

Promoting EAP benefits, including the lesser known ones, can boost employee retention and satisfaction, leading to a healthier and more productive workplace.

Lesser known benefits of EAP that are often underutilized include:

Financial services:
Elder care information and referrals:
Childcare consultations and adoption referrals:
Legal consultations:

Why You Should Hire More Female Leaders, According to a New Study
By Marcel Schwantes Founder and Chief Human Officer / Inc.

The percentage of women in high-level leadership roles among the top U.S. companies is still dramatically lower than that of men. While there is still a ways to go, the past few decades have brought vast improvement for women leaders.

New Study Compares Male and Female Leaders

A recent study by Peakon titled, "The XX Factor: The Strategic Benefits of Women in Leadership," took on this question, looking into how women leaders are performing compared to their male counterparts.

One key finding: Female-led businesses are better perceived than male-led businesses in all aspects of a crucial leadership driver: strategy.

In Peakon's methodology, Strategy is one of 14 drivers that influence employee engagement, a key factor in helping employees understand and agree with the overall direction of the business.


Monday, 08/26/19 - Surprise out-of-network bills are hurting workers’ wallets and employers’ bottom lines

Tuesday, 09/03/19 - Bernie Sanders calls for eliminating all medical debt at South Carolina event

Wednesday, 08/28/19 - Healthcare Promises: What 2020 Presidential Candidates Aren’t Telling You

Thursday, 08/29/19 - Life Insurance Startup Ethos Valued At More Than $400 Million After Series C Raise

Friday, 08-30-19 - Health Savings Accounts Hold Over $61 Billion For Future Medical Expenses

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Walt Bernard Podgurski - - Editor