More and more Americans use physical and virtual credit/debit cards and digital payment solutions instead of cash. Employees increasingly demand card-based methods to access their benefit funds, and employers naturally want their workers to be happy with their benefits. Growth-minded TPAs will offer card access as much as possible on current benefit programs and be open to other payment solutions as technology evolves and regulations permit. Why Offer Debit and Credit Cards? American employers can

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This is the last in a four-part series on building benefits packages to resonate with the diverse generations in today’s workforce. Today, we focus on effective strategies and engagement recommendations for Gen Z. Gen Z members are accustomed to an on-demand culture and rely heavily on the internet for news and consumer reviews. The digital age, climate change, financial challenges, and COVID-19 continue to influence this rapidly growing workplace cohort. The Generation Z Profile Born

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Roughly one-third of employees need help understanding their benefits in any given year. TPAs can increase benefits adoption and usage by providing a thorough, easy-to-understand benefits education – ideally, that continues year-round. Participants Need Benefits Education As society faces constant information overload, Ameritas has found several causes of the need for increased benefits education: Why is benefits education a TPA problem? TPAs are retained by brokers and employers to create valuable benefits programs in support of

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This is the third in a four-part series on building benefits packages to resonate with the diverse generations in today’s workforce. Today, we focus on effective strategies and engagement recommendations for Millennials. Generation Y, more commonly called Millennials, were born between 1981 and 1996. Millennials experienced rapid technological changes and grew up in an era of Microsoft and Apple, a 24-hour news cycle, and the rise of social media. In their formative years, they witnessed

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At one time, many employees that stayed with a company long-term could expect a substantial pension on retirement. However, that is no longer the case. Americans are living longer, and the cost of living continues to rise. As a result, significant planning is necessary to ensure a successful, comfortable retirement. Here are some challenges facing those nearing retirement and options for companies and workers alike to consider when a 401(k) or similar plan is not

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This is the second in a four-part series on building benefits packages to resonate with the different generations. This article focuses on effective strategies for Generation X, including engagement recommendations.  Born between 1965 and 1980, Generation Xers are known for an entrepreneurial mindset, working hard, and playing hard. As enrollment season nears, let’s review this generation’s motivations, which benefits they find most important, and how they learn and communicate. The Gen X Profile Gen Xers

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Third-party administrators who provide effective enrollment, renewal, and year-round participant information provide their clients with the best experience. Implementing quality sales promotion tools and thought leadership activities can also help the TPA grow. Given how challenging and time-consuming that can be, many TPAs choose to outsource their marketing needs. Sales, Enrollment, and Educational Materials Participants must fully understand their growing pool of benefit options to maximize adoption and usage. Year-round education is essential. It’s vital

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The 2023 National Health Information Awards has selected “Captain Contributor Explains ICHRAs” for Bronze recognition. NHIA recognizes the nation’s best health information programs and materials. DataPath’s marketing team created the explainer video in-house for our employee education and engagement program, The Adventures of Captain Contributor. “ICHRAs are growing in popularity because they can help employers control healthcare costs while enabling employees to choose the best coverage for their specific needs,” said Bo Armstrong, chief marketing officer

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Considering the vital role of the work-life relationship in worker effectiveness, wellbeing, and long-term commitment, employers, brokers and TPAs should prioritize it across all facets of their operations, including their benefits programs. August 2, 2023 By Bo Armstrong Originally posted on BenefitsPRO.com Employees who struggle to balance their work and personal lives can suffer from health issues, poor job satisfaction, exhaustion, burnout, and problematic behavior on the job. Despite 72 percent of Statista survey respondents acknowledging the importance of

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This is the first in a four-part series on building benefits packages that resonate with different generations. This article focuses on effective benefits strategies for Baby Boomers, including preferences and engagement recommendations.    Born after WWII, between 1946 and 1964, Baby Boomers have been a driving force in American society and the workplace for nearly their entire lives. As enrollment season nears, let’s review this generation’s motivations, which benefits they find most important, and how they learn

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