Good employees are hard to find. They are the heart and soul of any business. Employee benefits help keep your employees loyal and financially secure.
|Group Life||Group Health||Key Employee||Dental|
|Long Term Care||Disability||Group Vision|
Group life insurance programs are designed to offer affordable coverage to a group, such as employees of an employer. A single contract is provided for the entire group which outlines the standard benefits, terms and provisions that apply to all members of the group. Normally the life insurance benefits offered are based on the compensation earned by the individual member.
Most of the group life insurance programs also offer the members the ability to convert to other permanent, whole or term life products upon termination of employment. Individual certificates are usually issued to the members to verify that they are covered.
Managed care is an agreement between certain doctors, hospitals, and health care providers, and is designed to offer a range of services to members at a reduced cost. Health maintenance organization (HMO), preferred provider organization (PPO), individual practice association (IPA), or point of service (POS) plans are examples of managed care.
Fee-for-service plans, also known as indemnity plans, allow your employees to choose health care providers themselves. This gives them a wide range of options that includes specialists such as cardiologists and surgeons.
Even if your company is small, you can still offer group health insurance coverage. In most states, insurance companies who offer small group health insurance plans are required to accept any employer group of 2 to 50 employees, provided the employer agrees to insure 100% of the eligible employees.
Most businesses have employees with special skills, training, management, or significant attributes that would cause the organization loss of income should that employee become unavailable and a replacement need to be hired or trained. Employer can buy insurance on a key person within the organization to protect that employer from the financial impact that could result should that employee become ill, disabled or die. This insurance may be life, health or disability.
Long Term Care
Long term care is care that you need if you can no longer perform everyday tasks (activities of daily living) by yourself due to a chronic illness, injury, disability or the aging process. Long term care also includes the supervision you may need due to a severe cognitive impairment.
In the event of an employee’s accident or sickness that exhausts their paid time off, you need to supplement your benefit program with a disability plan. Group disability insurance is an employer-sponsored benefit plan for its employees that will provide for their loss of income in the event they are unable to work due to an accident or sickness.
Vision insurance is a form of insurance that provides coverage for the services rendered by eye care professionals such as ophthalmologists and optometrists. The typical vision insurance plan provides yearly coverage for eye examinations and partial or full coverage eyeglasses, sunglasses, and contact lenses, with or without copays, depending on the plan chosen. Group vision insurance is one of the most affordable group coverages.