Helps to minimize ERISA-related liabilities
Saves client’s time trying to answer questions that employees may have
Helps reduce the high cost of “Presenteeism” (employees focused on personal financial questions or problems instead of their jobs)
Minimizes liabilities related to employee distractions over their finances (accidents, injuries, product liability, etc.)
Only when you begin responding to actual client questions
Can I complete this answer within an hour?
Is my response motivational and encouraging?
Should the employee even ask this question?
Could I just recommend a Web site for more information?
Recommend a specific advisor who can help the employee
Costly traps to avoid
Specific products or services that you sell
List money-saving tips
Delivery room fees
Buying when it’s convenient rather than when items are on sale
Going to the Emergency Room or Urgent Care for prenatal checkups
Purchasing baby items at garage sales, on Craigslist, or at resale shops
Paying cash in advance for the delivery
County Health Department
Not a significant amount
Less for a girl than a boy
Easy to predict and estimate
None of the above
The birthmother asks for money for rent, food, etc., and wants adoptive parents to pay her directly
The birthmother asks for an airline ticket to deliver the baby in the adoptive parent’s location
Major delays in delivering proof of pregnancy after fees are paid
The birthmother is reluctant to work with an attorney; claims she’ll feel more like giving her baby up if she works directly with adoptive parents
Telephone because the employee has a live person to talk to
Web sites so that the employee can look up answers to their financial questions any time
E-mail because it saves time, is confidential, reduces liability exposure, and answers specific questions at the time employees are making critical financial decisions
Employers who can’t give their employees raises
Those who are increasing healthcare premium costs for employees
Companies with “Top Heavy” retirement plans
Employers who are reducing the amount they match in employees’ 401(k) accounts
Negotiate with the hospital or healthcare facility prior to the birth
Pre-pay the delivery expenses if they don’t have healthcare insurance coverage
Contact their insurance provider for suggestions on ways to cut costs
Be sure to review the hospital bill for errors, overcharges, etc.