Innovative Insurance Group LLC’s Post

Companies are increasing their commitments to employee leave programs. To enhance competitiveness and bolster employee attraction and retention, the majority (84%) of U.S. employers intend to expand their leave programs over the next two years.

Companies are increasing their commitments to employee leave programs. To enhance competitiveness and bolster employee attraction and retention, the majority (84%) of U.S. employers intend to expand their leave programs over the next two years.

Employers are boosting their investments in employee leave program to stay competitive and enhance both employee attraction and retention. A significant majority (84%) of U.S. employers plan to expand their leave programs within the next two years as part of this intensified effort.

Competitive pay and health benefits have long been attraction and retention drivers. But now that employees are seeking a more holistic employment experience, you should think beyond the traditional to help you stand out in a highly competitive employment market.  Learn more about the perks and benefits employees are seeking in 2024 in our latest video!

Long-Forgotten Beneficiary Form Gave An Ex-Wife More than $1Million Beneficiary forms are often completed upon a new hire, an open enrollment, or some other one-time change--- and then forgotten. How important is a beneficiary form?? Here’s a real-life story I read recently in the Wall Street Journal. A man and his girlfriend were dating some years ago, when he listed her as a sole beneficiary on a retirement account. The couple later broke up and married other people, but the beneficiary form was never updated. 40 years later the man died. As a result that the beneficiary form had never been updated, the old girlfriend was awarded the benefit of $1.15 million. Of course, the man’s estate is suing the former girlfriend, insurance carrier and the company in federal court. However, under federal law, employers and insurance companies are required to pay out retirement accounts, and life insurance policies to the last recorded beneficiary. The moral is that companies should be sure to have their employees offered a periodic opportunity to complete an updated beneficiary form. For more details, contact us at sigma6hr.com, [email protected], or 502-292-2980.

As the Presidential election results begin to unfold, so will questions on what the impacts could be to #HealthCare and the #EmployeeBenefits / #Insurance industry. Register now and join Marsh McLennan Agency on Dec. 3 for this important post-election webinar!

Workers’ compensation, commonly referred to as workers’ comp, provides essential protection to employees in the event of a work-related injury or illness. Did you know that workers' comp still provides important protection if you work alone? Check out our blog to learn more: https://ow.ly/iyxp50SIHCe

Our industry-leading team and consultative insights help organizations alleviate the complexity of absence and paid leave. Subscribe to and read our Legislative Monitor to stay informed of recent regulatory issues and industry trends. #workplacebenefits #groupinsurance #benefitsmarket

One of the most common misconceptions is that you need to sue your employer to get workers' compensation benefits. In reality, workers' comp is an insurance employers are required to have to support employees who get injured on the job. Filing a claim for workers' comp is not the same as suing your employer. Need help navigating your claim? #InjuryConnect

Our industry-leading team and consultative insights help organizations alleviate the complexity of absence and paid leave. Subscribe to and read our Legislative Monitor to stay informed of recent regulatory issues and industry trends. #workplacebenefits #groupinsurance #benefitsmarket