Navigation Links
Can Your Employees Survive the Financial Crunch of an Illness?
Date:10/3/2008

STERLING, Va., Oct. 3 /PRNewswire/ -- As the population ages, a big question employers must start asking is: "Can their employees survive the financial crunch of an illness?"

In most cases the answer is no. 95% of Americans live paycheck to paycheck and now need two incomes to provide for their families. What happens when one of the spouses becomes critically ill and unable to work?

The income drops for the person that is sick but the healthy employee/spouse is strained by the emotional and financial issues they must now address.

Employers can help their employees with these issues through a fundamental shift in insurance policies provided. Over the past 50 years employers that have provided what was considered the ultimate package of benefits have provided the following:

Medical Insurance

Group Life Insurance

Shot Term Disability

Long Term Disability

Dental

Vision

401K

An employee that is provided with these types of benefits was considered to be fully insured and covered. But a Harvard bankruptcy study shows that a family that makes $90,000 with 2 incomes will face bankruptcy when one spouse faces a catastrophic illness and the other needs to take time off to attend to that spouse's needs. The income of the family drops from $90,000 to $50,000 within weeks and the family can no longer pay their bills.

The solution is to realign the money spent on insurance to protect the income of the employees through supplemental income insurance.

Using the same dollar amounts employers can realign the insurance package to be re-allocated to the following:

Medical Insurance

Group Life Insurance

Short Term Disability

Long Term Disability

Supplemental Income Protection

401K

Using this model of replacing the Dental and Vision insurance with a Supplemental Income Protection, the employee is now financially ready to face a catastrophic
'/>"/>

SOURCE Teach and Build Wealth LLC
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. New Cost-Effective Anti-Fatigue Solution from MEGAComfort Now Available for Employees in Biotech and Research Industries
2. Riverside Health System Announces $1 Million Incentive Program For Small Businesses to Offer Insurance Coverage for Employees
3. Health Insurance Premium Costs High for Employers and Employees
4. Girling Health Care Employees and Patients Urged to Call for Instructions
5. Alert Alarm Michigan Seeks Employees With Inside and Outside Sales Experience
6. Marex Group Forms Business Development Department and Promotes Three Strategic Employees
7. Statement by the Service Employees International Union (SEIU) Concerning Allegations About SEIU Local 6434, United Long Term Care Workers Union
8. Virginia Hospital Center Opens Child Care Center for Employees and Community
9. UK Businesses Urged to Help Employees Deal With Stress More Positively
10. Florida Health Insurance Analyst says McCain's Group Health Ideas Bad for Employees
11. FOX Networks Group in Partnership with Portico Learning Solutions Launches Online Employee Health and Safety Orientation Course for Over 3,300 Employees
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/29/2014)... 2014 Tylenol lawsuits ( http://www.tylenollawsuitclaims.com/ ... suffered serious liver injuries due to the acetaminophen ... a multidistrict litigation underway in U.S. District Court, ... According to an Order dated July 23rd, the ... bellwether case and discovery issues. Among other things, ...
(Date:7/29/2014)... 29, 2014 Historically, Memorial Day kicks ... States usually celebrated throughout that time by picnics, barbecues ... days now mark the start of a period that ... drivers. In 2012 nearly 1.000 people were killed ... Memorial Day to Labor Day. , The summer's warmer ...
(Date:7/29/2014)... Dennis Thompson HealthDay ... Exercise, a healthy diet and good sleep can protect the ... the aging process at a cellular level, researchers report. ... events are linked to increased shortening of telomeres, the protective ... cells age. "We found that over a one-year period, ...
(Date:7/29/2014)... The Law Offices of Michael Cordova is proud to announce ... providing grief camps for kids, teens, adults, and families. ... experience from the death of a loved one. Therefore, ... Stones of Hope, as they provide hope and healing to ... includes a monthly support group and a variety of overnight ...
(Date:7/29/2014)... Merrick, NY (PRWEB) July 29, 2014 Summer is ... whether that means enjoying a hike, swimming in a pool or ... it’s time for fleas and ticks. The Puppy Store is here ... during the summer months. , It’s almost impossible to completely keep ... can take to minimize the chances of their pets coming into ...
Breaking Medicine News(10 mins):Health News:Tylenol Lawsuit News: Federal Court Overseeing Tylenol Liver Damage Claims Sets New Deadlines Pertaining to Discovery, Bellwether Trials, Bernstein Liebhard LLP Reports 2Health News:Tylenol Lawsuit News: Federal Court Overseeing Tylenol Liver Damage Claims Sets New Deadlines Pertaining to Discovery, Bellwether Trials, Bernstein Liebhard LLP Reports 3Health News:Tylenol Lawsuit News: Federal Court Overseeing Tylenol Liver Damage Claims Sets New Deadlines Pertaining to Discovery, Bellwether Trials, Bernstein Liebhard LLP Reports 4Health News:Narconon New Life Retreat Launches New Alcohol Prevention Program 2Health News:Healthy Habits May Slow Cellular Signs of Aging, Study Finds 2Health News:Healthy Habits May Slow Cellular Signs of Aging, Study Finds 3Health News:The Law Offices of Michael Cordova is Sponsoring Stepping Stones of Hope, a Non-Profit Organization Providing Grief Camps for Kids, Teens, Adults, and Families 2Health News:Protect Dogs From Fleas and Ticks During the Summer 2
... Use of anesthesia providers to monitor sedation during screening ... from 2003 to 2009 in the United States, with ... not need this service, according to a new RAND ... as $1.1 billion spent annually on anesthesia services for ...
... March 20 (HealthDay News) -- Calculating the difference ... right arms might help predict a patient,s odds of ... Researchers found that people with high blood pressure whose ... higher risk of cardiovascular death over 10 years. ...
... (HealthDay News) -- The northeastern United States may see a significant ... The reason is that oak trees produced relatively few acorns ... years for the acorn crop. But the small crop means trouble ... had a boom in acorns, followed by a boom in mice. ...
... Reporter , TUESDAY, March 20 (HealthDay News) -- ... own stem cells may someday replace or reduce the ... Six months after receiving a kidney transplant, only ... stem cells experienced rejection compared with almost 22 percent ...
... failure and endocrine tumors are among the suspects causing ... relievers in your medicine cabinet be the culprit? ... Sackler Faculty of Medicine and the Sheba Medical Center, ... of hypertension, which is a major risk factor for ...
... March 20 (HealthDay News) -- Seeing a baby,s face triggers ... reward and planning movement, a finding researchers say may indicate ... Researchers observed this pattern in adults who didn,t know the ... "These adults have no children of their own. Yet images ...
Cached Medicine News:Health News:Use of anesthesia providers during GI procedures is growing, but may be unnecessary 2Health News:Blood Pressure Variance Between Arms Points to Heart Risk 2Health News:Northeast U.S. Should Brace for Spike in Lyme Disease: Expert 2Health News:Stem Cell Therapy Could Boost Kidney Transplant Success: Study 2Health News:Stem Cell Therapy Could Boost Kidney Transplant Success: Study 3Health News:Stem Cell Therapy Could Boost Kidney Transplant Success: Study 4Health News:Pain relievers could be spiking your blood pressure 2Health News:Infants' Faces Trigger Caregiving Impulse in Adults' Brains 2
(Date:7/29/2014)... , July, 29  2014 ISPE—the International Society ... John Bournas as President and CEO, ... to leave the Society last fall.  Mr. Bournas ... in the healthcare association industry as well as ... a clear vision for the expansion of its ...
(Date:7/29/2014)... , July 29, 2014 McGraw-Hill Education ... for the science, technical, and medical communities, has announced ... first off-line mobile application of the world-renowned medical education ... new AccessMedicine App , available for download onto ... now be able to gain access to valuable ...
(Date:7/29/2014)... , July 29, 2014  Instrumentation Laboratory (IL) today announced ... new corporate logo. This is part of a comprehensive rebranding ... Founded in Boston, MA , in 1959, ... companies since 1992.  Other companies in the group include Inova ... Systelab ( Barcelona, Spain ).  Like IL, these ...
Breaking Medicine Technology:ISPE Hires Healthcare Association Exec as CEO 2ISPE Hires Healthcare Association Exec as CEO 3McGraw-Hill Education Professional's AccessMedicine App Delivers Instant Access to Essential Diagnostic Tools 2McGraw-Hill Education Professional's AccessMedicine App Delivers Instant Access to Essential Diagnostic Tools 3Instrumentation Laboratory Unveils New Corporate Brand 2Instrumentation Laboratory Unveils New Corporate Brand 3
... , ... the Medical University of South Carolina (MUSC) are the first ... of detecting cardiac disease using enhanced computed tomography scanning technology.  The ... of the Journal of Cardiovascular Computed Tomography. , CT ...
... DIEGO , Feb. 10 Amira Pharmaceuticals, Inc. ... and Flavia V. Castelino , M.D. of Massachusetts General ... proof-of-concept study which demonstrates that the bioactive lipid lysophosphatidic acid ... mediator of fibrogenesis in the bleomycin mouse model of scleroderma. ...
Cached Medicine Technology:Medical University of South Carolina First To Test New Heart Imaging Method To Detect Coronary Artery Disease 2Medical University of South Carolina First To Test New Heart Imaging Method To Detect Coronary Artery Disease 3Medical University of South Carolina First To Test New Heart Imaging Method To Detect Coronary Artery Disease 4Amira Pharmaceuticals Announces Efficacy of LPA1 Antagonist in a Preclinical Model of Scleroderma 2
... Advia 2400 has minimal ... (as low as 2 ... (40 L/hour) thus maximizing ... universal rack handler facilitates ...
Iron Total (TIBC) (Iron Buffer + Iron Color=Std.). An Automated analyzer test kits....
... For determination of HDL-cholesterol ... Hitachi 717. Specific immunochemical inhibition ... established reference methods. Endpoint assay. ... stable, ready-to-use reagent. Available with ...
Cholesterol/HDL with 200 tests....
Medicine Products: