Understanding Excess Coverage and Non-Evidence Maximums

Understanding Excess Coverage and Non-Evidence Maximums

A Non-Evidence Maximum (NEM), sometimes also referred to as a Non-Evidence Limit (NEL) is the highest amount of coverage a plan member can receive without having to complete a medical questionnaire to apply. Another way to think about this is that it is the maximum amount of overage you are guaranteed to receive, subject to your earnings. It is important to note that not all plans...…

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Digitizing Employee Benefits Administration

Digitizing Employee Benefits Administration

Some industries have taken advantage of distributed workforces for years. Tech companies, for example, have had time to experiment with different ways to effectively manage teams working remotely. Ready or not, 2020 has seen a major shift for many organizations towards having more of their workforce operating off-site. Today‚Äôs workplace communication and collaboration technologies like Slack, Zoom, Dialpad and…

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The Liability Risks Hidden in Your Employee Benefits Data

The Liability Risks Hidden in Your Employee Benefits Data

Conference Board of Canada: "Employee benefits could not be more important to engagement and retention of an organization's workforce - or, in many cases, more misunderstood." Administering even simple employee benefit plans can be complex and time consuming, and even simple administration errors or omissions can expose your organization to significant liability. These issues only get worse if you want to take advantage of leveraging multiple carriers in order to construct a best-in-class benefits plan.…

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