The insurance company is hoping that employers and human resource managers will take the findings into consideration. The survey shows that Gen Y is not as financially stable than other generations. Only 58% of them pay bills on time and 43% have high credit card debt. Almost three out of four aren’t saving up for emergencies. They also find that Gen Y is very mobile as the average 26-year-old has already had seven jobs. The study also finds that this generation values strong benefits packages provided by employers, but many are still underinsured. Sixty percent of Gen Y employees say benefits are the second most important aspect of job satisfaction. But other research shows they are the most likely to not take advantage of workplace insurance.

Another important piece of information to come out of this study is that Gen Y likes to receive information about benefits through personal communication. “Benefits communication emerged in the research as a clear opportunity for employers to more strongly engage Gen Y workers,” Bygott says. “These workers give employers low marks for the effectiveness of their benefits communication, and Gen Y women in particular are much more likely to say the communication they receive about their benefits is not at all informative, including cost, what’s covered and what they need.”

Study Reveals Importance Of Benefits For Generation Y is a post from: Peppercoin Insurance

@FlatOutFrugal: “By sowing frugality we reap liberty, a golden harvest.” –Agesilaus

@MoneyMag_Penny: Investors flocking to 529 college savings plans, says Financial Research Corp. Net flows up 75% over past 2 years.

@LaMonicaBuzz: Forget about Barney. Looks like Yahoo is the most hated purple dinosaur. $YHOO down another 4% today. Below $16 for first time since March.

@CNNMoneyTech: Sprint is offering up to $175 to those who switch from any other carrier, not just T-Mobile

@Retireby40: A Wii is NOT an Investment!

@DebtChronicles: My son is looking for a way to finance his wish list this summer – how do your kids earn money?

@FinancialUproar: If no one wants to pay for music, why are investors still paying up for music companies?

@MoneySmartBook: You don’t have to be a #financialexpert or read lots of money books to know that you have to carefully choose how to spend your money.

@Money: Americans are spending a record $3,000 a year to fill up their cars.

@TaxResolution: According to a survey @ 30% of Americans are planning to spend their #IRS refund.What about you?Did you even get a refund?

@JonChevreau: Workers aged 50-plus expect to live longer on less but unprepared for inflation.

Tuesday Money Tweets is a post from: Peppercoin Insurance

On average, participants contributed $2,620 in 2010 which included both personal additions and employee contributions. “The continuing rise of health care costs combined with health care reform really drove the adoption of HSA-qualified health plans  by employers last year and thus the growth of HSAs,” said William Applegate, vice president, HSA products, Fidelity Investments in a company news release.  “As for participants, it is clear that many are using the health-savings product to help manage not only their current medical expenses but also plan for future expenses, with nearly all participants carrying some balance over to the following year.”

Currently Fidelity has 74,000 HSA participant accounts. One in five of those participants contributed more than $5,000 to their account in 2010. About half added around $2,500 in 2010. By law, in 2011 the maximum an individual can contribute is $3,050 and for families that number is $6,150. HSA’s allow consumers to make pre-tax contributions, realize tax-free growth and make withdrawals for qualified medical expenses.

Fidelity Notes Huge Gains In HSA Customers is a post from: Peppercoin Insurance

A new report from comScore.com found that during the fourth quarter of 2010, these new sites took in 724,000 quotes which is about 8% of all quotes submitted online. “The online auto insurance market has been dominated by only a handful of insurers over the past few years, with GEICO and Progressive comprising over 50 percent of all quotes submitted online,” said comScore director Susan Kleinman to the Insurance Journal. “But as more consumers look to the Internet to shop for insurance policies, there is an opportunity for more insurers to break into the online market.”

Many of these new sites saw triple digit gains in business. One of the most notable was USAA.com which had 6.5 million visitors. The next highest traffic was given to American Family who had 1.3 million visitors and in third was Mercury Insurance who welcomed 686,000 visitors. This report only looked at websites that are new to the market and did not include those who have been around for a while including allstate.com, esurance.com and geico.com.

Individual insurers are not the only ones seeing an increase in business. Insurance aggregators are online lead generators and have also been experiencing growth. The report shows that they received 6.8 million unique visitors to their sites during the last quarter of 2010. This may show that consumers are looking for new ways and sources to buy auto insurance. Perhaps they’re looking for better prices and a better product.

Consumers Shopping For Auto Insurance From New Sources is a post from: Peppercoin Insurance

The company’s CEO is adamant about the fact that the product is not insurance, and it doesn’t include access to doctors, but Christopher Fey does say that it may help keep people out of the doctor’s office. “Think of it as what a financial planner does,” Fey told CNN Money. “He takes all the information you provide, assesses the risk and gives you a plan on how to improve your financial health. The prevention plan does a similar thing, but for your [personal] health.”

With their $99, buyers will get a year-long subscription to a web-based program that monitors at-home blood screening tests and also tracks cholesterol, blood sugar and hemoglobin levels. Customers will also have access to an around the clock nurse line, two health coaching sessions and a series of health-related recommendations based on the person’s age, gender and risks. “The aim of the prevention plan is to keep individuals healthy, identify illness early rather than wait for symptoms to develop and assist in chronic care management such as for diabetes or heart disease,” Fey told CNN Money. “We are boosting our staff in anticipation of the Sam’s Club offering.”

Some worry that people will see this $99 product as a replacement to insurance, but Kathleen Stoll, director of health policy with Families USA says that’s not a good idea. “This plan is not a replacement for health insurance,” Stoll told CNN Money. “Think of this way. If you were training for a marathon, you may buy a heart monitor and monitor yourself while you train. But you still need to see a professional to give you a full cardiovascular checkup. I worry about people thinking of this prevention plan as a substitute for an annual checkup at a doctor’s office.”

Sam’s Club Now Offering Health Care Products is a post from: Peppercoin Insurance

@Gary_Foreman: Want free checking? – Check out credit unions. Lower fees and a network of ATMs are just some of the offerings

@MSN_Money: Euro hits a 4-year low against US dollar

@MoneyManagement: Store restroom has a dial timer in place of a light switch so the light turns off automatically in 10 min. Brilliant!

@DJSisterhen: For the econ nerds, credit card delinquency rates are falling, folks are paying their bills

@MoneyMatters: Is It OK To Just Stop Paying Your Underwater Mortgage And Walk Away? my answer? No. What’s yours?

@Flexo: Writing an article about an 18-year-old who bought a house from her winnings for showing championship hogs…

@Leanlifecoach: Knowledge = Money In The Bank

@BudgetsAreSexy: i think it’s time for something hella fun, and hella cheap – a walk.

@CleverDude: I’m tired of buying and spending. How about you?

@fcn: “I want to do that thing rich people do where they turn money into more money.” – Liz Lemon, 30 Rock

Tuesday Money Tweets is a post from: Peppercoin Insurance

@BudgetsAreSexy: “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.” – Warren Buffett (confidence!)

@Dinks_Finance: Happy Finances equal a Happy Retirement. Be open and talk to your spouse about money.

@OutofYourRut: There are the far larger affects of TV on our finances in the form of time, opportunity costs, and influence.

@enemyofdebt: $12,877,714,305,798.84 (+) #nationaldebt Give him a chance they said….

@lukelefevre: “Debt is an evil plot to keep you poor.” – Seth Godin

@ramseyshow: Blake: How much sense does it make to have $5,000 in credit card debt and spend $250 a month playing golf?

@DanielLapin: “Takers” like high taxes while “Makers” recognize the evil of limitless government seizure of your money.

@ChristineRomans: Social security and federal benefits checks will all be direct deposit by 2013. Will save taxpayers $300 mln in 5 years.

@Future_of_Pay: Even with recovery, perks may not come back. What would you rather have: your pay or your perks restored?

@ThomasJStanley: The median millionaire’s home? $469,021

Tuesday Money Tweets is a post from: Peppercoin Insurance

The decision comes as a shock to many observers. The turn could infuse just the right amount of momentum to President Obama’s campaign to create broader reforms to the nation’s health care system.

Wal-Mart is the largest private employer in the United States. Its new announcement was made in a letter that was sent to congressional and administration officials on June 29.

An excerpt from the letter said, “We are for an employer mandate which is fair and broad in its coverage.” It went on to say, “Any alternative to an employer mandate should not create barriers to hiring entry-level employees.”

The above actually referred to a number of proposals that Congress has made that would make it the responsibility of employers to pay Medicaid costs for new employees. Critics of the new plan suggest that such a move would discourage the hiring of low-income people.

The letter was also signed by Andrew L. Stern, president of the Service Employees International Union (SEIU), a group that has more than a million members and counts more U.S. health workers than any other union in the U.S. Another signer was John Podesta, the head of Obama’s transition team, and president of the Center for American Progress.

Two distinct aspects of the letter were cited for their possible contribution to the new mandate. First, it would provide a way for Wal-Mart to improve its image regarding worker treatment. Second, it would bolster the President’s strategy to change the American health care system.

The letter suggested that Wal-Mart and SEIU’s enthusiasm for an employer mandate could fizzle out if the final legislation does not also include a component to ensure that the means to deliver health care are kept at the lowest costs possible. “Support for a mandate also requires the strongest possible commitment to rein in health care costs,” it said.

Wal-Mart Throws Supports Employer-Mandated Health Insurance is a post from: Peppercoin Insurance

As a result, people are keeping their vehicles longer and switching to more fuel-efficient cars when they get the chance. Naturally, some big vehicles like trucks and SUVs are very cheap these days, but the cheapness of the machinery is a serious trade off. What you save in the cost of buying the large vehicle itself, you end up spending on gas when driving it. It’s simple but brutal, and many people realize this, making those vehicles pretty expensive.

Furthermore, insurance isn’t cheap on those types of cars either. In fact, insurance can be quite costly in general. For any kind of driver, if you don’t know what affects your insurance rates and you blindly drive around without realizing the significance of your coverage, you can be literately hemorrhaging money that could go towards reducing debt or into savings. If you don’t apply some sharp thinking and make the most out of your circumstances to obtain lower premiums, you may be missing out on some of the best opportunities to lower the cost of driving.

One of the easiest ways to see if your insurance cost can be lowered is to establish a semi-annual payment system. Some insurers offer the options of quarterly payments and even monthly payments, but these cost much more than just paying twice a year. It’s more convenient to pay twice a year anyways, and this is something anybody can do in order to lower the cost of insurance.

Another thing that allows you to lower your premiums is to ask if you’re eligible for discounts. With the right companies, you can be eligible for receiving bonuses by being a good driver, for having held your insurance for a long period of time, or for taking part in special deals and programs. You can even combine your auto insurance with your home insurance with certain companies.

Most people don’t know that their credit can affect their insurance. If they improve their credit, their premiums may drop as a result. Bring this issue up with your automotive insurance company and see what their policies are regarding this.

Of course, an obvious solution is to trade in your vehicle and get one that demands lower rates. This is something of a trade-off, however; the bigger vehicles tend to have the lowest rates, while the insurance costs more for more economical, compact vehicles. This is a natural result of the fact that smaller vehicles tend to get into wrecks more often, due to their inexpensive nature and demographic. However, it doesn’t apply to all vehicle types, so do some comparison shopping before making a commitment.

Several Ways To Reduce Insurance Premiums is a post from: Peppercoin Insurance

Graham Cox, vice president of Group Life Products Management at MetLife, explained that the company’s estate resolution services “can provide emplooyees with the added comfort of knowing that their estate’s executor will have valuable assistance in a difficult time.”

He added that this assistance is very helpful to most estate executors, who find the role thrust upon them by unfortunate circumstance, and who have never before dealt with the complexities of probating an estate.

MetLife’s estate resolution services will provide the estate executor of an insured, deceased employee with a lawyer of the executor’s choice. The insurance company will pay for all lawyer’s fees if the lawyer in question participates in the MetLife-affiliated Hyatt Legal Plans program. Otherwise, MetLife will compensate the executor for the lawyer’s fees up to a limit.

The lawyer paid for by MetLife will represent paid to represent the estate executor in a court of law. The lawyer will also take care of all the paperwork required to move the probate assets from the estate of the deceased to his or her inheritors. The lawyer will also do what is needed to move non-probate assets into the possession of the inheritors. Moreover, the lawyer will take care of the tax paperwork associated with the whole procedure.

Recent additions:

• Mobile Home Insurance
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MetLife Adds New Feature To Group Insurance Package is a post from: Peppercoin Insurance