America's Benefit Specialist August-September 2022
PRODUCT NEWS
costs that can arise after an accident. New benefits include: • an organized sports benefit rider that pays an additional percentage of total benefits, making this policy ideal for active families • acupuncture or chiropractic benefits that allow up to 10 annual visits at up to $150 per visit, with one treatment per visit • mental health benefits that allow up to five annual mental health visits with a psychiatrist or psychologist at up to $150 per visit • observation benefits that pay for treat ment in a hospital emergency room if the insured person is being held for observation due to a covered accident and is not admitted as an inpatient due to a covered accident. Transamerica Critical Illness Insurance is a flexible option that pays a lump-sum benefit that can be used to offset costs not covered by major medical insurance. New features include: • payments of up to 110% of the benefit amount available on most conditions, including invasive cancer, and 100% for non-invasive cancer • child benefits payable up to 200% for conditions including cerebral palsy, cystic fibrosis and Down syndrome • second opinion benefit of up to $1,000 • benefits for more covered conditions, including benign tumors, cardiovascular disease, childhood disease, functional loss and occupational exposure. Transamerica’s Accident Insurance and Critical Illness policies offer a health-screen ing benefit option that encourages employees to use their policy and rewards them for taking care of their health. This benefit pays when the insured has an annual test or exam • benefits for COVID-19 treatment • no waiting periods on recurring conditions
ly reporting dashboard, carriers are able to seamlessly track impressions, shares and downloads of their uploaded content. Carrier Content Cloud Distribution is de signed specifically for insurance carriers to upload content and control where and how that content is distributed. The solution also enables carriers to choose which users and specified agencies can access their content, as well as which assets are accessible. With direct access to Zywave’s vast network of insurance professionals, carriers will have the opportunity to increase brand awareness and increase revenue potential, while main taining good stewardship among brokers and policyholders. For more information, visit www.zywave. com/carrier/carrier-content-cloud- distribution/. TRANSAMERICA ENHANCES WORKPLACE SUPPLEMENTAL HEALTH BENEFITS COVERAGE Transamerica has announced the expan sion of its workplace benefits offerings with refreshed supplemental Transamerica Accident Insurance and Transamerica Crit ical Illness Insurance policies available for employers to offer employees. Inspired by customer feedback, the updated supplemen tal health insurance policies offer greater benefits when an insured person experiences the challenges of extra costs that occur from a covered event. Transamerica Accident Insurance is a highly flexible policy that pays the insured a benefit to help cover unexpected medical costs that can add up fast due to a covered accident. The policy offers employers the ability to fully customize plan designs to best meet the needs of a diverse workforce. Em ployers may match or improve an existing accident insurance plan or select new plan designs, base benefits, and optional riders. A variety of new benefits are now avail able with Transamerica Accident Insur ance, helping to cover medical or other
HUB INTERNATIONAL ANNOUNCES BENEFITS SMARTVIEW Hub International recently announced the launch of HUB Benefits SmartView. Benefits SmartView gives employers richer insights to optimize and customize their benefits programs. The platform provides bench marking across several key categories of employee benefits and risk control and cre ates contextualization of where a program could be improved, enabling an employer to enhance their competitive offering. As employers continue to view benefits as a critical incentive to attract and retain talent, HUB Benefits SmartView analyzes what a client offers their employees today and plans in the future, benchmarking these initiatives and their impact against their peers. HUB Benefits SmartView gives em ployers insights into their past strategies and the ability to author strategic roadmaps that examine employer cost reduction, produc tivity and safety, career and growth, culture and connection, health and energy, money and security, communication and engage ment, and diversity, equity and inclusion. For more information, visit www.hubin ternational.com. ZYWAVE TO CONNECT BROKERS WITH CARRIER CONTENT Zywave has launched Carrier Content Cloud Distribution, which leverages Zywave’s Content Cloud to distribute collateral and thought leadership material from insurance carriers to a significant network of bro kerages and agencies serving the P&C and employee benefits markets. In addition to directly connecting insur ance carriers to a network of over 110,000 users at 3,500 brokerages and agencies, the Carrier Content Cloud Distribution solution also includes comprehensive reporting capabilities. With an integrated, user-friend
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