Joe Torella serves as President of the Employee Benefits Division at HUB International Northeast, a leading insurance brokerage firm, and part of HUB International Limited. A 23-year industry veteran, he is responsible for the overall management of the Employee Benefits operations throughout HUB Northeast’s regional offices in New York, New Jersey, Connecticut and Pennsylvania.
He is Immediate Past-President of the Central Jersey Association of Health Underwriters and a Past-president of the NJ Association of Health Underwriters – the NJ statewide organization. (He is also a Past-president of the Northern New Jersey Chapter.) He is a long-standing member of the American Marketing Association and the International Foundation of Employee Benefit Plans, Inc.
It’s been over a year since the pandemic began, and millions of Americans have lived through lockdowns, work from home (WFH) and job losses.
As organizations look at their balance sheets this year, one area that will undoubtedly undergo intense scrutiny of employee benefits. It is a notoriously difficult item to manage due to the increasing cost and utilization of health care.
The Healthcare Reform (HCR) contains many good news incentives if committed to a health and wellness approach. A number of incentives apply to small employers, a segment traditionally disenfranchised from advantages large employers enjoy.