In the voluntary insurance
market, premiums amounted to 176.2 million manats, while payments amounted to 43.4 million manats.
Richardson approved a filing from the National Council on Compensation Insurance for an average decrease of 8.1 percent for Nevada workers' compensation voluntary insurance
"And voluntary insurance
, where the employee pays for it, is often offered [by employers]."
However, these gaps can be reduced through the purchase of voluntary insurance
Aflac, the provider of voluntary insurance
at the worksite in the United States, has reached an agreement with NXT Capital to manage Aflac's new portfolio, which will focus on investments related to middle-market private debt, the company said.
Richardson approved two filings from the National Council on Compensation Insurance (NCCI) that may help Nevada employers see lower premiums as a result of decreases in workers' compensation voluntary insurance
loss-costs and assigned-risk market rates, effective March 1, 2017.
We need to do a better job in educating them about how voluntary insurance
can provide solutions for those who are looking to avoid a crippling debt."
The Cadillac Tax is confusing and prompts questions from employers and benefits professionals--especially about when to make changes to benefits plans and whether voluntary insurance
The economic downturn has caused voluntary insurance
carriers to tighten underwriting standards and increase minimum premiums, Honey said.
One way is to consider applying for voluntary insurance
. Voluntary insurance
policies help cover the costs that major medical insurance doesn't cover.
Regardless of the outcome of health care reform, advisors and agents have a strong opportunity today to provide clarity around voluntary insurance
and capitalize on its increasing relevance and value for employers and employees alike.