Wharton & Power Insurance

September 28, 2020
Wharton & Power

Words to Thrive By | Business Quotes from Wharton & Power Insurance

Wharton & Power Insurance
September 21, 2020
Wharton & Power

Words to Thrive By | Business Quotes from Wharton & Power Insurance

Wharton & Power Insurance
September 17, 2020
telemedicine

Promote Employee Wellness Through a Telemedicine Plan

Sometimes it takes a world-wide crisis for people to embrace a new way of doing things. Since COVID-19 disrupted our nation’s healthcare system, the use of telemedicine has seen a dramatic rise. Although the technology has been around for a while, patients and providers alike have more fully embraced it in 2020. Now employers are recognizing the benefits of offering a telemedicine plan within their employee health plans. And soon employees will begin to expect it. Benefits of a Telemedicine Plan 24/7 unlimited access to healthcare Less time wasted waiting at the doctor’s office Fewer child care worries Reduced chance of contracting another illness from the waiting room Through the group health insurance plans we offer, you can elect to offer telemedicine services via the HealthiestYou app. Your employees will have access to doctors and therapists by phone, video or directly through the app. HealthiestYou offers intuitive, patient-centered online tools including: High-quality general health, dermatology, back care and mental well-being services Alert and reminder tools to keep appointments and paperwork on schedule Assistance in finding a provider Prescription price search engine to keep medical costs down Employer portal for easy access to monthly use reports and enrollment updates However, the largest benefit of offering access to telemedicine to your employees is that you are promoting better health. The Wharton & Power Team is ready to help you provide telemedicine services as part of your employee group health plan. Send us an email, or give us a call at 317-663-4138.
September 14, 2020
Wharton & Power

Words to Thrive By | Business Quotes from Wharton & Power Insurance

Wharton & Power Insurance
September 2, 2020
life insurance

Spoken to Your Life Insurance Broker Lately? If Not, You Should.

You may think of life insurance as a “one and done” type of deal. You meet with a broker to discuss your goals and beneficiaries, attain coverage and pack the policy away in your fire safe. However, life insurance is actually something that should evolve along with what it covers – your life! Too often we have clients who come to us with old policies that have not been serviced by their original broker. This lack of communication over the years causes issues when it comes time to manage the policy. The Wharton & Power Team has been reaching out to people who are holding policies that previous servicing agents have ignored. These conversations have uncovered some interesting situations to say the least, affirming the importance of staying on top of your life insurance. Identify Theft As policyholders age or become more reliant on others to manage their estate, they become more vulnerable to identity theft. We recently received a call from a person claiming to be the fiancé of a policyholder’s son. She was asking for private information about the policyholder. Since we do not have a relationship with this family, we had no idea if she was who she said she was and therefore could not help. Having a relationship with your life insurance broker who knows you and your family can help avoid these situations. Tax Implications Another policyholder we spoke to had been hanging on to his policy for over 50 years. He was looking to surrender it but doing so offered large tax implications. If his servicing agent had been working with him all along, he would have made changes to his coverage as his life progressed. Now he is stuck with a policy that no longer serves his needs and is presenting a financial burden. Significant Life Changes Divorce has tremendous financial implications, including life insurance policies. We spoke to a woman who still owned a policy on her now ex-husband. Their daughter is the beneficiary, but the policy had not been funded since the divorce. We helped our client decide if it was worth continuing that policy or start fresh with another type of coverage. Underfunded Policies One person we spoke to has had two life insurance agents in 6 years. He felt he was not being served well, so reached out to us. It turned out he was right – we discovered that his policy had been underfunded which he was not aware of. The changes in his brokers led to rollovers within his universal life policy which were not taken into account in his premiums. He had been making his payments as instructed but they were too low. The expected guaranteed payout that he had planned for was now in jeopardy. Fortunately, he reached out to us, brokers who have built their business on long-term client relationships. We are currently evaluating his position to uncover the best policy for his goals. Changes in the Life Insurance Industry We’ve been in business […]
August 31, 2020
wharton & Power

Words to Thrive By | Business Quotes from Wharton & Power Insurance

Wharton & Power Insurance
August 24, 2020
Wharton & Power

Words to Thrive By | Business Quotes from Wharton & Power Insurance

Wharton & Power Insurance
August 19, 2020
PEOs

How PEOs Help Small Businesses Weather the Pandemic

Professional Employer Organizations, or PEOs, have traditionally been driven by group health insurance. Their co-employee model allows small to mid-size businesses to tap into employee benefit packages typically offered by large organizations. However, the coronavirus pandemic has brought into focus the additional value PEOs bring to their members – human resources expertise and payroll services. PEOs offer Pandemic- Related HR Policies Few organizations anticipated needing to completely shift their business model in a matter of days. Policies and procedures covering PPE, social distancing and an entire workforce working from home had to be created quickly and then altered as state and CDC guidelines/recommendations evolved. Worksmart Systems, a 22-yr old Indianapolis PEO, has been tapping into their bevy of HR experts to ensure their co-employers could weather the pandemic. As people have been coming back to the office, Worksmart has been creating HR policies to help organizations manage things like mask policies, how to deal with the fear of being in the office and childcare/COVID care issues. PEOs offer Rapid Response PPP Resources Although April 3rd seems like a lifetime ago, for Worksmart’s co-employers it is seared into their memories. It was the first day businesses could apply for the Paycheck Protection Program. Worksmart employees worked long hours to ensure that their members had the payroll information they needed to apply that first day – 940/941s and a customized payroll report in their hands by 10 am. Efforts had actually started in March, when the first bits of information about the PPP were emerging. Worksmart was holding webinars each week to bring co-employers up to speed on the status of the bill, with their employment law attorneys evaluating the implications. Even though the PPP was one of the fastest pieces of legislation to pass in our nation’s history, Worksmart’s members were in the know throughout the quickly evolving process. One of Worksmart’s co-employers said it best: “Just wanted to say Kudos to Worksmart for easing the process for application for our PPP loan. Thanks to your webinar about the payroll reports, I was able to get all the information I needed for my loan application very quickly. Just got our money today!” Jan- Law Office Now that many businesses are back to business in this new normal, they have been looking to Worksmart for advice on virtual hiring and other HR realities that are most likely here to stay. There has always been value to having an HR expert in your corner, but during the pandemic it was what allowed many businesses to stay afloat. There is no need to face these uncertain times alone. As a partner of Worksmart, Wharton & Power Insurance can help you uncover the benefits of a PEO for your business. For more information, send me an email or give me a call at 317-663-4138.
August 17, 2020
wharton & power

Words to Thrive By | Business Quotes from Wharton & Power Insurance

Wharton & Power Insurance
August 10, 2020
wharton & Power

Words to Thrive By | Business Quotes from Wharton & Power Insurance

Wharton & Power Insurance
August 3, 2020
wharton & Power

Words to Thrive By |Business Quotes from Wharton & Power Insurance

Wharton & Power Insurance
July 27, 2020
business insurance

Words to Thrive By | Business Quotes from Wharton & Power Insurance

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