Healthcare provider Bupa is extending early access to pay to support the financial wellbeing of 5,500 dental care staff.
The organisation initially rolled out the service provided by income streaming platform Wagestream to 11,000 employees across its care division in February 2020.
The service allows Bupa employees to access to their pay, as and when they earn it. Employees can withdraw as little or as much of their salary as they need to without having to wait until pay day. For each withdrawal, employees will be charged a flat fee of £1.75.
Bupa is also offering employees access to Wagestream’s micro-savings tool, Safestream, which is available to all of its 6,500 dental care staff, enabling them to save a portion of their salary each month. Additionally, employees will also be able to access financial wellbeing advice through its The Money Advice Service, which offers webinars and an online resource hub.
NEW YORK, Oct. 12, 2020 /PRNewswire/ — Today, The Guardian Life Insurance Company of America® (Guardian Life) unveiled new term disability insurance, PayGuard Plus, with disability protection for a stay-at-home spouse. The Spousal Coverage Program gives existing individual disability policy holders the ability to cover a spouse who does not generate an income. All marriages, including same-sex and civil unions are eligible.
More than 11 million parents in the United States are stay-at-home parents1. According to 2019 data from Salary.com, if someone was to pay a stay-at-home parent for the services they provide, ranging from house manager, chef, tutor, chauffer, nurse, personal assistant and negotiator, their median annual salary would have been $178,2012. If a stay-at-home parent becomes ill or disabled it could be a devastating financial event for a family.
Under the Spousal Coverage Program, the non-income-generating spouse will receive the total disability benefit when, because of sickness or