Improving benefits literacy: Leave no consumer behind

Phelan, Peter
September 2007
Employee Benefit News;Sep2007, Vol. 21 Issue 11, p11
The author argues that there is a need to create new jargons related to benefits that consumers and employees in the U.S. will find easier to understand. He observes that during Labor Day many individuals are talking more about medical plans, which he says reveal serious benefits knowledge gaps. He suggests that the jargons EPO, HMO and PPO still suffer from originating within the complex health care industry.


Related Articles

  • WINNING LINES. Keefe, Jenny // Employee Benefits;Feb2005, p34 

    Discusses the importance of proper employee benefits communication. Functions of jargon; Legitimate reasons for using certain technical terms; Consequences of misunderstanding pension information; Ways to make sure employees understand benefits communication. INSETS: BENEFITS SPEAK TOP...

  • SPELL OUT PERKS. Woods, David // Employee Benefits;Mar2008, p44 

    The article focuses on the use of certain terms by benefits professionals to describe employee fringe benefits. According to the author, employers must ensure they communicate the finer points of the benefits they offer clearly to staff. He added that the lack of standard definitions for...

  • Year of fear for GI clients. McMillan, Paul // Money Marketing;2/24/2005, p12 

    Reports on the likelihood of general insurance customers to be left without access to the Financial Services Compensation Scheme due to a backlog of processing of interim-authorized firms in Great Britain. Concerns over customer uncertainty and the potential for uncovered complaints.

  • BUZZWORDS.  // Fortune;11/23/1998, Vol. 138 Issue 10, p262 

    The article presents information on two of the buzzwords used by the business community. In Silicon Valley, California, the situation single-trigger six-months acceleration means that when a company was purchased by another, the employees who stay long enough get their stock options fully vested...

  • Why Doesn't My Actuary Speak English? Ruschau, William J. // Benefits Magazine;Sep2015, Vol. 52 Issue 9, p22 

    The article discusses common terms and phrases found in pension plan actuaries. Topics discussed include the history and goal of the Employee Retirement Income Security Act (ERISA) since its implementation in 1974, several possible application of the term "accrued liability" including its...

  • Gilt scheme and NIC.  // Accountancy;Nov87, Vol. 100 Issue 1131, p60 

    Discusses two possible problems relating to the payment of bonuses to employees in the form of gilt edged stock in Great Britain.

  • Weighing in on mid-year bonuses. GRAY, ANDI // Fairfield County Business Journal;4/19/2010, Vol. 49 Issue 16, p15 

    The article provides an answer to a question on what basis the bonuses should be given to employees.

  • Think Twice about Spending that Bonus. SILLIN, NATHANIEL // Ellis County Press;11/19/2015, Vol. 24 Issue 33, p3 

    The article offers the author's view on how to spend bonuses which is an amount of money added to wages on a seasonal basis, especially as a reward for good performance.

  • vouchers. Coleman, Alison // Employee Benefits;Dec2002, p37 

    Focuses on vouchers offered by employers as part of employee Christmas bonuses. Wide range of vouchers available in the market; Origins of vouchers; Costs involved in vouchers; Tax issues involving vouchers; Innovations in voucher systems. INSETS: THE FACTS;NITTY GRITTY;IN PRACTICE.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics