By: Zack Pace, SVP, Benefits Consulting
Did you glance back over your shoulder this summer at the proposed regulations the federal government issued regarding voluntary supplemental medical products (e.g., hospital indemnity, critical illness, etc.)? These regulations, as proposed, will greatly alter the voluntary product landscape. In my latest essay for Employee Benefit News, How to avoid the approaching voluntary product thunderstorm, I explore:
- Why the regulators are concerned that individuals will confuse these products with major medical coverage
- How the regulators’ train of thought could extend to other voluntary products
- What employers that sponsor voluntary supplemental medical products should do now to assess and eliminate its penalty risks
I also share a sailing story that you might enjoy.
Here’s the full article – How to avoid the approaching voluntary product thunderstorm. You may need to register with Employee Benefit News to view it.
Latest posts by Zack Pace (see all)
- May 2017 Updates - May 11, 2017
- Which supplemental medical products disqualify HSA eligibility? - December 7, 2016
- Will 2017 be similar to 2010? - December 6, 2016