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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, 01/22/20 - https://DailyInsuranceReport.com 

The "Daily Insurance Report" is now subscribed to by 25,000 elite insurance industry influencers who receive it Monday - Friday and have a quick overview of what is appearing in the media regarding the insurance industry; with an emphasis on life, health, and employee benefits.

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

Supreme Court declines to hear case challenging legality of ACA
by Robert King / Fierce Healthcare

The Supreme Court will wait for a federal appeals court to decide on the constitutionality of the Affordable Care Act, meaning that a final decision on the law won’t come before the 2020 election.

The court declined on Tuesday to hear a lawsuit from 17 red states that seeks to dismantle the controversial healthcare law. A group of 20 blue states and the District of Columbia who are fighting the lawsuit had asked the Supreme Court to intervene in the case and circumvent a likely lengthy review by an appellate court.

The blue states had wanted the Supreme Court to intervene to end uncertainty in the healthcare industry because of the lawsuit.

America's Health Insurance Plans, the leading insurance industry lobbying group, wrote an amicus brief supporting the blue states' efforts.

The group said that the Supreme Court should hear the lawsuit to remove the "overhanging legal uncertainty" surrounding ACA coverage.

But red states and the Department of Justice, which is supporting the lawsuit, said that it was too early for the court to weigh in.

The Supreme Court did not give a reason for not taking up the case.

How to build a winning benefits plan for your clients in 2020
By Jack Kwicien / Employee Benefit Adviser

Delivering greater value and positioning yourself to be your client’s human capital management adviser is no easy task. You need to go beyond being perceived as the point of access to benefits product information and services and transcend your client’s expectations.

The best way we know to do that is to create a multiyear benefits strategic plan. Now is the perfect time of year to initiate such discussions with your existing clients and prospects. It is a powerful planning process that will enable you to guide your clients’ benefits planning for the future.

A benefits strategic plan articulates how the benefits program will continue to support the attainment of the overall business plan and corporate objectives. It will explain how the benefits component fits into the total compensation plan and provides rewards and incentives to employees to achieve the corporation’s goals. By using a strategic planning process as a tool, you will establish greater credibility with your client’s senior management and elevate your interaction to that of a trusted adviser. There are tools that can assist you and like anything else, a little bit of experience goes a long way. And in no time, you will be wondering why you didn’t start using this approach years ago.

Apple working on preventative healthcare technology, CEO Cook reveals
By AppleInsider Staff

Apple CEO Tim Cook on Monday said the company is investigating technology that could help identify health risks at an early stage, similar to heart monitoring features introduced with Apple Watch.

Cook commented on Apple's contributions to the healthcare space during a panel, suggesting what started with heart health tracking on Apple Watch could soon branch out into other areas of interest.

Current Apple Watch models are equipped with sensors capable to detecting atrial fibrillation, or AFib, a common heart arrhythmia that can lead to stroke in some patients. Apple Watch Series 4 and Series 5 go a step further and include an FDA-approved electrocardiogram function for more accurate readings.

As the first FDA-approved consumer device to incorporate an ECG, Apple Watch is an early entrant in what appears to be a burgeoning crossover sector that joins consumer tech with healthcare.

Oscar Health’s Tech-First Focus For Accelerating B2B Healthcare Payments

Health insurance companies can take weeks — or months — to reimburse physicians, leaving some so frustrated that they refuse to accept insurance plans at all. And that’s pressuring insurers to offer faster, more convenient digital disbursements. In the new B2B Healthcare Payments Report, Brett Lotito, vice president of insurance operations for Oscar Health, discusses how the tech-focused startup is using physician portals and automated claims review to get doctors paid electronically — within days.

ePayPolicy secures “significant” investment

ePayPolicy, an electronic payment processing company, has secured a “significant” investment from US-based private equity firm Serent Capital.

Founded in 2014, the company offers insurance firms a simplified platform to accept digital insurance payments.

The capital from the round is earmarked for product enhancements, accelerated growth and supporting integration with common agency management systems.

ePayPolicy co-founder Todd Sorrel said, “This investment from Serent is a game-changer in our ability to strengthen our brand presence across the industry, integrate with even more agency management systems and take our platform to the next level in user (agency) and end user (policyholder) experience.”

Care Dimensions offers new employee benefit to help with student debt burden

Care Dimensions, a provider of hospice and palliative care in Massachusetts, has added student loan repayment benefit to its employee benefit package.

The new option is a direct response to a demonstrated employee need and is a creative employee benefit for local nonprofit organizations. Though gaining ground among larger nonprofit companies, with an estimated 11% of U.S. companies offering it, student loan repayment benefits have not yet entered the mainstream.

Starting in January, Care Dimensions’ 100% employer-paid benefit provides $50 per month to help eligible employees pay off their student debt faster and access a loan refinancing program — both of which will help employees save money.

The Care Dimensions employee student loan benefit will be administered by Gradifi, a Boston-based benefits company.

Delta is the gold standard for profit sharing: Here's what the benefits are
Jeanne Sahadi

Delta Air Lines had a very good year last year. Instead of just verbally thanking its employees for the company's strong performance, it announced it would pay them $1.6 billion in profit-sharing bonuses.

That means all eligible employees will receive a check next month for 16.6% of their annual salary, which is the equivalent of an additional two months' pay.

The profit payout to employees for 2019 is a record amount. It is also the sixth year in a row that the company has paid out more than $1 billion to workers, a Delta spokesperson said. The profit-sharing plan started in 2012 following Delta's merger with Northwest.

Seven in 10 employees would move jobs for a better mental health policy
By Louron Pratt / employee benefits (UK)

Businesses could risk missing out on top talent due to lack of mental health support in the workplace.

Only three in 10 (29%) of employees would stay in their current job if they were offered the same role at a competitor with comprehensive mental health support and training, according to research by Legal and General.

In a survey of 1,000 employees with a minimum of five years’ employment, in addition to 1,009 Russell Group students, the research also found that 69% would be more attracted to working for an organisation where senior-level executives spoke openly about mental health.

More than half (53%) would be more likely to apply for jobs at organisations with mental health and wellbeing policies in place. This is a more significant factor for younger individuals, with 73% of those aged between 25 and 34 saying they would consider a business’ mental health strategy before submitting an application, compared to 46% of those between 55 and 64 years old. Almost nine out of 10 (89%) of 25 to 34 year-olds and 75% of 35 to 44 year-olds would be more attracted to en employer in which senior leaders freely discuss mental health.

When we started NXT our goal was to find 10 companies using technolgoy to change the life, health, and employee benefits industry, and put them live in front of 100 investors and strategic relationships to tell their story.

What we found is that companies innovating "Product Evolution" have as compelling a story as the InsurTech group.

NXT LIfe, Health & Employee Benefits Investor Forum


Monday - 01/20/20 - - Will This Be the Next Big Healthcare IPO?

Tuesday - 01/21/20 - - The Pension Time Bomb: $400 Trillion by 2050

Wednesday - 01/15/20 - - Acccolade, which helps employees navigate health benefits, has hired banks to prepare a 2020 IPO

Thursday - 01-16-20 - - CVS to add 600 HealthHUBs, link them to lower Aetna copays

Friday - 01-17-20 - - Student debt is over $1.6 trillion and hardly anyone is paying down their loans

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Walt Bernard Podgurski - - Editor