Life insurers help people retire with security – with more products, availability, accessibility and affordability for all. ACLI will advocate for state or federal laws and regulations that support the important financial protections supplemental benefit products provide.
ACLI will work to ensure that loss ratio requirements for supplemental benefit products are appropriate. We will also work so that employers and individuals maintain access to the supplemental benefits coverage they want and need.
ACLI will advocate to maintain or improve the current federal and state tax treatment of supplemental benefit products. We will take appropriate steps in response to any federal and state tax or assessment proposals that would harm consumers’ access to supplemental benefits products.
Supplemental benefits products are insurance policies that provide financial protection against expenses associated with accidents or illnesses not covered by major medical insurance. These products, provided through employers or offered on an individual basis, are key to the financial security of many families across the nation.
Supplemental benefits products also include stop loss plans that protect employers self-funding medical plans from higher than expected medical claims. Another supplemental product is wellness benefits that encourage healthy lifestyle choices by covered individuals.
Summary of the supplemental benefits products ACLI supports through its advocacy efforts:
Announcing a New Industry Impact Investing Initiative
PROTECTING
EVERY FUTURE
COVID-19
UPDATES
RETIREMENT
SECURITY
BEST
INTEREST
LIFE INSURERS
FACT BOOK
MISSING
POLICY TIPS
Economic
Empowerment