NYC Media Briefing Advisory “Health vs. Wealth: Are Employees Making the Right Benefits Choices?”

  NYC Media Briefing Advisory “Health vs. Wealth: Are Employees Making the
  Right Benefits Choices?”

 A panel of experts from Prudential, the Employee Benefit Research Institute,
 and the American Benefits Council, discuss new benefits research and trends,
as well as risks and choices faced by Americans preparing for open enrollment
                                  this year

Business Wire

-- November 19, 2012

           As healthcare costs continue to rise and greater financial burden
           and choice is placed on employees, it is unsurprising that the vast
           majority focus their efforts on healthcare decisions as opposed to
WHAT:      other important protection products. Yet, with 70 percent of people
           in the mass market living paycheck to paycheck, and nearly 25
           percent of Americans likely to experience a prolonged disability,
           many are grappling with bigger gaps in coverage and protection than
           they realize; and are exposing themselves to financial ruin.
           With the open enrollment season underway, how can workers close
           these gaps and ensure they have the right financial protection? How
           can employees keep pace as companies place increased insurance
           responsibility on the individual? How can they prepare for life
           altering events that may prevent them working?
           Stephen Pelletier, president of Prudential Group Insurance, will
WHO:       discuss emerging trends including the shift toward year-round
           benefits selection, the impact of the aging workforce, as well as
           opportunities for small businesses to help close the gap.
           James Gemus, senior vice president of voluntary products,
           Prudential Group Insurance, will explore the benefits solutions
           available to working Americans, how workers should approach
           prioritizing medical and other insurance coverages, the need to
           refocus agents on servicing the broader needs of the mass market,
           and will share strategies on how to protect assets for both short-
           and long-term goals.
           Dallas Salisbury, president of the Employee Benefit Research
           Institute, will highlight survey results on the value of benefits,
           individual preferences and choices, and the tradeoffs workers say
           they are making today as they seek to protect themselves against
           current and future financial security risks through voluntary
           benefits. Salisbury will also discuss the possible consequences and
           role of newly forming insurance "exchanges" in the future of
           voluntary benefits.
           Jim Klein, president for American Benefits Council, will address
           the impact of deficit reduction and tax reforms on employer
           sponsored plans and the resulting increased value of voluntary
           benefits, as well as the prevalent view of healthcare coverage as a
           commodity offering driving the creative use of voluntary and
           retirement benefits as talent acquisition tools.
           Additional Prudential Group Insurance subject matter experts
           including Vishal Jain, vice president of strategic initiatives,
           will also be on hand to speak with journalists after the panel
WHEN:      10:00 a.m. to 12:00 noon, November 19, 2012
WHERE:     The Lambs Club of New York located at 132 West 44^th Street
           (Between 6^th and Broadway)

          For more information and to RSVP, contact (973) 802-7892.


Sheila Bridgeforth, 973-802-6852
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