Putting Benefits to Work for PeopleSM

Group Insights

The New York Life Group Benefit Solutions Newsletter  |  September 2022

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Our September edition covers statutory updates, a preview of New York Life Absence AssistSM, a spotlight on the value of vocational coaching, and much more.



Top headlines in this issue.

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New Absence Regulatory Guide

You now have a new digital Absence Regulatory Guide for timely information on state and federal laws that may affect absence administration at your organization. It follows a commitment to continuously provide you with market-leading absence information and insights that can help simplify the administration process for your organization.  

Visit the Absence Regulatory Guide

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New York Life Absence AssistSM 

With an expanding suite of solutions, including fully insured PFML offerings in 20231 and an enhanced ADA product, New York Life Absence AssistSM can help meet regulatory leave requirements and company-specific needs.

Learn more about New York Life Absence AssistSM


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Enriched Value-add Offerings

Providing support for life’s challenges.

In our current environment of pandemic acclimation, we’ve seen many changes, including increased mortality, a shifting work environment, The Great Resignation, and a workforce shuffle as Americans reassess their employment priorities. Employers are responding by reevaluating compensation to include benefits that were unheard of a decade ago.

Read more about our value-add offerings

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EDMEC Annual Conference

At the 2022 DMEC Annual Conference, New York Life Group Benefit Solutions (NYL GBS) hosted a general session, “Working Together to Cross the Finish Line” that focused on how developing support systems and resources can help people with physical or mental challenges set new goals and create paths they may not have pursued alone.

Read the DMEC recap with takeaways and a list of resources

 

The Ever-changing Landscape of Statutory Leaves

Stay current on critical state leave updates affecting Connecticut, Colorado, District of Columbia, Oregon, and Rhode Island.

 

The information about paid leaves for employees in the above listed states are being provided for informational purposes only and does not constitute legal advice or a legal opinion on any specific facts or circumstances. Please refer to each states website, listed below it for more information. The information is for general informational purposes only, and you are urged to consultant a lawyer concerning your own situation any specific legal questions you may have. New York Life Group Benefits Solutions assumes no responsibility for any circumstances arising out of the use, misuse, interpretation or application or any information supplied in this publication.

Empathy Update & Survey

NYL GBS partnered with Empathy2 in April 2022 to provide clients’ employees and life beneficiaries with guidance and support for everything that can arise after the passing of a loved one.

We want to hear what you think of the Empathy solution and app. Take a four-question survey to share your thoughts and help shape our company’s support for those who have experienced a loss.

Our participation in Empathy’s webinar “How Loss Impacts Your Entire Workforce” is now available for viewing. It features our own Meghan Shea, in addition to grief expert David Kessler, grief educator and advocate Dr. Julie Shaw as well as CEO of Empathy, Ron Gura. Their panel discussion focused on loss’s impact on the workplace and how organizations can use the latest research and technology to support employee well-being and productivity.


The Claimant’s Journey

A simpler and human-centered approach means working toward the best and safest outcomes for employers and the people they depend on to advance their organizations. Our new series spotlights these efforts with stories shared by our Group Disability Claims area.


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Lowering Occupational Stressors with Vocational Coaching

NYL GBS Vocational Coach, Kathryn Schach, works closely with the claims department to help customers who have ailments, injuries, accidents, or other life events that require them to take time away from work. She’s part of a team that helps claimants redefine what they can do — based on the skills they already have — by working with them to develop plans, gain workplace accommodations from employers, and ultimately, assist them in safely returning to the workforce.

Learn how Kathryn recently helped one claimant

The above story is for illustrative purposes. Persons’ names and certain details have been changed to protect their identities.

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Free webinars for NYL GBS clients.

Every month My Secure Advantage (MSA)3 hosts financial wellness webinars4, which are free for NYL GBS clients. The webinars are presented on scheduled Tuesdays and Thursdays. Upcoming webinars include:


Choosing Your Benefits: What to Fund and Why?
Tuesday, October 11

Many of us wonder which employee benefits are best for us and how much money we should be allocating to them. This presentation looks at Health Savings Accounts, Flexible Spending Accounts, employer-sponsored retirement plans, and other benefits as well. Learn more about how they work and the advantages they can provide so that you can feel better equipped to make your benefit choices.

Register: 9 a.m. PST  |  Register: 12 p.m. PST


Estate Planning: Financial Basics
Thursday, October 27

Many of us know we should have an estate plan, but we don’t know how to get started – or when to get started. In this presentation, we discuss the common components of an estate plan and explain how your plan may change as you navigate through different stages of life. Lastly, we will cover the pros and cons of hiring an attorney versus doing most of the work yourself.

Register: 9 a.m. PST  |  Register: 12 p.m. PST


How to Navigate Your Finances While Caregiving
Tuesday, November 8

Caregiving can be a labor of love. At the same time, it can be overwhelming and challenging. This presentation covers different care scenarios and their associated budgeting, healthcare, and estate planning implications. We will discuss the importance of optimally sourcing funds to cover current caregiving expenses, while still allowing the caregiver(s) to fund their own long-term goals.

Register: 9 a.m. PST  |  Register: 12 p.m. PST

If you also have NYL GBS Life Assistance Program (LAP)5, ask your Account Manager to provide you with the quarterly calendar of LAP webinars, which also includes the MSA webinars.


Contact us

Now, you have a bi-monthly resource that provides critical absence topics and much more in the world of group benefits. We welcome your input about our coverage and ideas for future topics.

1 Fully-insured PFML offerings are available as of 1/1/2023. Please consult applicable state websites for the most current state leave regulation information.

2 Empathy is not affiliated with New York Life Insurance Company or any subsidiaries and provides this service at no cost to you. The use of this service is optional. This program is not available under policies issued by New York Life Group Insurance Company of NY and policies delivered in Oregon and Washington that are issued by Life Insurance Company of North America (LINA).

3 My Secure Advantage is NOT insurance and does not provide reimbursement for financial losses. Customers are required to pay the entire discounted charge for any discounted products or services available through these programs. Programs are provided through a third party vendor who is solely responsible for their products and services. Full terms, conditions and exclusions are contained in the applicable client program description, and are subject to change.  Program availability may vary by plan type and location, and is not available where prohibited by law.  This program is not available under policies insured by New York Life Group Insurance Company of NY.

4 Seminars are provided through a third party vendor who is solely responsible for their products and services. Terms and conditions are contained in the client program description, and are subject to change. Program availability may vary by plan type and location, and is not available where prohibited by law.

5 Life Assistance Program (LAP) These programs are NOT insurance and do not provide reimbursement for financial losses. Some restrictions may apply. The Life Assistance Program products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Evernorth Behavioral Health, Inc. and Evernorth Care Solutions, Inc. Customers are required to pay the entire discounted charge for any discounted products or services available through these programs. Programs are provided through third party vendors who are solely responsible for their products and services. Full terms, conditions and exclusions are contained in the applicable client program description, and are subject to change. Program availability may vary by plan type and location, and are not available where prohibited by law. These programs are not available under policies issued by New York Life Group Insurance Company of NY. Cigna Corporation and its subsidiaries are not affiliated with New York Life Insurance Company and its subsidiaries.

This newsletter and its content is being provided for informational and educational purposes only. Any information or discussion of legislation or regulation is provided for informational purposes only and not intended as legal guidance. For specifics, please review the applicable links or consult with your own legal professional before making any decisions. New York Life Insurance Company, its subsidiaries, affiliates, and employees, are not in the business of providing legal advice, and none is intended nor should be inferred from the foregoing information. Clients are advised to seek the counsel of their own legal advisors who must form their own independent opinions on these matters based on their independent knowledge and research.

New York Life Group Benefit Solutions products and services are provided by Life Insurance Company of North America or New York Life Group Insurance Company of NY, subsidiaries of New York Life Insurance Company. Life Insurance Company of North America is not authorized in NY and does not conduct business in NY.