America's Benefit Specialist April 2023

PRODUCT NEWS

three lump-sum payments during the first year of a covered cancer diagnosis. Ongoing Education and Empowerment: Opportunity to learn about genetics and its relationship to cancer and receive and store genetic test results in a secure, HIPAA- compliant online Interactive User Portal. Cancer Advocate Plus is a supplement to health insurance and is not a substitute for major medical or other minimal essential coverage. Insurance underwritten by ACE Property & Casualty Insurance Company, a Chubb company. Addition al information can be found at www.chubb.com. MASSMUTUAL EXPANDS SUITE OF EMPLOYEE BENEFITS Massachusetts Mutual Life Insurance Company recently an nounced another expansion of its suite of employee benefits with additional offerings and enhancements that are adapt able to diverse situations and needs of employees, inclusive of all generations, genders and lifestyles. Recent additions to MassMutual’s suite of employee benefits designed to sup port overall well-being include: Quadrupling caregiver leave to eight weeks of paid time off per rolling 12-month period to assist with responsibility in the care of a loved one, no matter how the employee defines a loved one. A new well-being wallet that reimburses employees up to $1,250 a year for eligible expenses that elevate their holis tic well-being. From gym memberships to ski lift tickets to meditation apps to massages to tax prep, the wallet covers a wide range of eligible expenses to support employees’ phys ical, emotional and financial well-being. This complements other offerings, such as the company’s student debt/college savings program. Expanded mental health solutions including fast access to high-quality providers across the care and service spectrum for employees and members of their households—100% free and 100% confidential. Access to a dedicated and diverse team of care coordinators that offer one-on-one, specialized health advocacy and navi gation support tailored specifically to African American and LGBTQ+ employees enrolled in a MassMutual medical plan. For more information, visit www.massmutual.com.

CHUBB LAUNCHES PERSONALIZED, GENETICS BASED CANCER PROGRAM Chubb Workplace Benefits, which partners with benefits brokers and consultants to offer voluntary benefits to the employees of middle-market and large companies in the U.S., has announced the launch of Cancer Advocate Plus, a cancer-specific, genetics-based insurance program. Cancer Advocate Plus provides tools and resources for an individual to proactively understand their risk of cancer, more effectively manage a cancer diagnosis, and offers insurance protection to help with the potential financial impact of a cancer diagnosis. Cancer continues to impact Americans at substantial rates. One in two men and one in three women will be diagnosed with cancer during their lifetime. Early detection has proven critical, as the five-year survival rate for early-stage cancers is 91.1%, compared to 30.6% for late-stage cancers. The ability for average Americans to obtain cancer-related genetic testing has been challenging largely due to reimbursement, awareness, and cost issues. Chubb’s Cancer Advocate Plus makes it accessible for today’s workers. Through an exclusive agreement with genomics-based, health-navigation company healthŌme, the Chubb Cancer Advocate Plus program offers policyholders tools and sup port across the cancer continuum, including: Screening: Genetics-based testing to identify inherited genes that increase cancer risk, as cancer is a genetic dis ease. In case of elevated risk, healthŌme genetic counselors can develop a personalized action plan for reducing risk. Policyholders also have access to pharmacogenomic testing to better understand how an individual will respond to com monly prescribed medications. Cancer Management: In case of cancer diagnosis, policy holders are provided access to personalized support, tools, and resources for complex illness navigation: • Molecular Diagnostic Tumor Testing – Genetic evaluation of an individual’s specific cancer to guide and optimize treatment. • Expert Medical Review by Molecular Pathologists and an Oncology Nurse Advocate to provide the individual’s phy sician with a Precision Treatment Report and, if applicable, assistance with clinical-trial enrollment. Cancer Recovery: Continued support during remission, in cluding access to advanced blood-based cancer-recurrence monitoring, which enables earlier detection than traditional medical testing. Insurance Protection: Comes with a guaranteed-issue in surance benefit that complements employees’ existing med ical coverage by paying benefits directly to the insured in

TRANSAMERICA REVEALS NEW RIDERS Transamerica has announced the availability of new benefit riders with its employer-offered hospital indemnity insurance

benefitspecialistmagazine.com | ABS 11