This session will discuss the reasons why some companies are offering legal-access plans and identity-theft mitigation coverages as voluntary benefits. We will discuss the size and scope of employee marketplace for these coverages; we will review recent surveys into the American marketplace and whether or not a need is indicated; and we will review the options for the timing of enrolments (open enrollment vs. mid-year enrollments).
We will also make a distinction between these specific coverages and whether or not the presence of an Employee Assistance Program impacts the decision to offer these sorts of plans.
We will make a comparison between the different approaches to legal-access coverage – open panel, closed-panel, and discount clubs. We will examine the pros and cons of each approach. We will then review the major players in the North American marketplace – MetLaw (formerly Hyatt Legal), ARAG, and LegalShield (formerly Prepaid Legal Services, Inc.). These each have their strengths and specific markets, as well as differing levels of customer service, enrollment support, and claims processing. Next we will review several of the larger presences in the identity-theft mitigation space, such as Lifelock, LegalShield’s Identity Theft Shield, and some others, and look at the differences in their respective approaches to the “before,” “during,” and “after” of identity theft.
We will review the differing price-points of these coverages, and produce a side-by-side comparison. We will address the shallow understanding that most people, employees and managers, have about identity theft and what the real consequences are, in time and money, to having one's identity stolen.
Who Should Participate
This session would be excellent for decision-makers or influencers in an organization that is looking to have the most current information on main-stream offerings for consideration in their benefits packages.
What You Will Learn
Please join us as members will walk away with the following:
- The need for these sorts of services
- The different approaches to delivering legal access via voluntary benefits
- The different approaches to identity-theft mitigation
- Typical employer concerns about offering these coverages.
www.shrm.org/hrnews_published/archives/CMS_026842.asp Click here
https://sites.legalshield.com/pdf/ao/promotions/legalNeedsGroup.pdf Click here
https://sites.legalshield.com/pdf/ao/caliBrokerMag.pdf Click here
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