Latest in a series that examines impact on employee benefits
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
As part of an ongoing effort to help employers, individuals and benefits
brokers understand how sweeping health care reform will affect employee
benefits, Unum (NYSE:UNM) has produced a guide
that details important changes and their impacts.
“We know our partners across the spectrum of our business have many
questions about these changes, and it’s important that we answer those
questions as thoughtfully, objectively and clearly as possible,” said David
Brenerman, vice president of Government Affairs for Unum.
“The financial protection benefits Unum provides won’t be directly
affected by health care reform, but by offering information and guidance
we hope to help give our partners confidence that they are making
informed decisions about employee benefits overall.”
Included in the white paper are explanations of health coverage reforms
including:
-
Elimination of pre-existing condition exclusions
-
Elimination of coverage rescissions (except in the case of fraud)
-
Required coverage for certain essential benefits
-
Elimination of annual and lifetime maximums for many benefits
The guide is the second in a series of educational pieces from Unum on
the effects of health care reform. Last month, the company produced
another guide
explaining the Community Living Assistance Services and Supports (CLASS)
Act, a national voluntary plan that offers a minimal long term care
benefit.
“Health care coverage reforms are changing the conversation around
employee benefits,” Brenerman said. “Employers facing new requirements
will have a greater need than ever for education and guidance from their
benefits partners.”
About Unum
Unum (www.unum.com)
is one of the leading providers of employee benefits products and
services in the United States and the United Kingdom. Through its
subsidiaries, Unum Group paid approximately $6 billion in total benefits
to customers in 2009.
Source: Unum
Contact:
Unum
Media:
Mary Fortune, 423-294-6368
mfortune@unum.com