Group Benefits Overview
We understand that your business is unique; whether you have ten or thousands of people working for you. Group Benefits typically include life, disability, health, and dental insurance coverage and many include other benefits such as Accidental Death and Critical Illness insurance, Health Spending Accounts and wellness programs. The advantage to the employer is that these benefits attract and retain quality employees. When corporations aim to acquire top employee talent they often are drawn to provide a superior employee benefits package.
What are the benefits for your business? A well-designed group insurance plan tailored to your employees adds exceptional value to your total compensation package. Often the best employees view their benefit plan as a major reason why they stay with their current employer.
Comprehensive group insurance plan can help you to:
- Attract high-quality employees
- Imparts trust that your company cares about family values and health
- Maximizes loyalty and reduces turnover
- Encourages a healthy work environment
- Improves productivity while it reduces absenteeism
- Pays compensation in a tax-effective manner
- Sets you apart from your competitors
Benefits for your employees: Group insurance plans can offer financial and health solutions to your employees and their families in many areas including:
- Prescription drug care
- Dental care
- Supplementary medical services
- Life Insurance
- Accidental death and dismemberment insurance
- Disability – Income Replacement Plans
- Critical Illness Plans
- Hospitalization
Every group has unique requirements. Group benefit plans vary depending on the size of the group, your business objectives and financial budget. Once assessed, we will recommend a plan that makes the most sense for your business. You can also address any challenges you’ve had with your current group insurance carrier as we work with them to help resolve any issues. Prior to your policy’s renewal date, we ensure that your policy continues to meet your company’s and employees’ needs while you continue to receive coverage, service and pricing from your carrier.
Let us evaluate the market for you. We will submit a request-for-proposal to all potential insurance carriers to obtain the best plan at the most affordable price. Once you decide to move to another carrier, we will help you transition as we become your new benefits consultant. You will receive personal assistance during the entire transition. We will keep in touch with you on a regular basis to stay up-to-date on what’s important to your business and employees and act as your liaison with your carrier when necessary. We work for you and in your best interest.
Keeping cost to a minimum. You can choose to fully cover the cost of insurance or share it with your employees. Moreover, you can offer your employees the opportunity to purchase individual life, disability and critical illness coverage. Individual insurance provides enhanced life and health coverage where long-term ownership via portability is valued by certain employees. We will help you determine a plan that minimizes the cost impact on your company and will continue to advocate for you each time your plan is renewed, to ensure you still receive the best rates possible.
Note: Plans and coverage vary depending on the carrier used.