GROUP HEALTH, DISABILITY & LIFE INSURANCE
EMPLOYEE BENEFITS NOT ONLY ENCOMPASS A LARGE PORTION OF BUSINESSES’ OPERATING EXPENSES BUT ARE A FUNDAMENTAL PART OF THE EMPLOYEE EXPERIENCE.
Many small businesses believe that a traditional approach to offering employee benefits is an acceptable strategy. But, businesses that poorly manage their employee benefits risk their staff’s health and wellness, lose their competitive edge, and compromise their financial freedom. Small businesses that challenge the status-quo of annual renewal increases are better positioned to focus on what’s important - growing their business.
Working with partners who have a consultative approach allows employers to treat benefits as a business within their business, developing a strategy to impact their bottom line and meet the changing needs of their workforce.
Strategic Employee Benefit Solutions for Small Business
- Better Performing Benefits Strategies: Long-term strategies that enable small businesses to prepare and get ahead of employee challenges.
- Employee Communication: Connective and accessible benefits education and employee engagement to safeguard your benefits strategy.
- Alternative Funding Strategies: Contain benefits costs without cutting benefits. Recognize cost drivers like high claimants and navigate benefit strategies that boost ever dollar spent.
- Data Driven Strategies: Multi-year data driven strategies ensure your benefits plan supports your business’s growth.
Level Funding Options
Level Funding is a type of group insurance plan that is unique to the marketplace. Level Funding offers all of the benefits of traditional self-funding with the added benefit of stable monthly costs so businesses can reap the financial rewards of being self-insured. Level Funding plans are now available with a variety or locally trusted carriers, such as UPMC, Aetna, and Capital Blue Cross. For healthy groups, refunds of unused claims dollars is fairly common.
Fully Insured Options
Fully insured options include the most trusted names in the insurance industry. The top three, locally, are Capital Blue Cross, Aetna, Highmark, and Geisinger. Whether your business requires travel or staying in one place, we can find a fully-insured plan to meet your needs.
We’re not limited to the large carriers, either. We pride ourselves on creating unique ways to solve the most complex employee-benefit issues.
Life Insurance
The purpose of life insurance is to help protect family and loved ones, of the deceased, from economic loss. This protection can be in the form of paying for final expenses or long-term care, shielding retirement investments. Life insurance is also and investment vehicle that allows the insured to transfer wealth assets at their direction. There are many different kinds of life insurance, with some of them being able to be purchased for spouses and dependents.
Disability Insurance
Disability insurance is a type of insurance product that provides a portion of income in the event that a policyholder is prevented from working and earning an income due to illness or injury. Different coverages furnish benefits in different amounts and with specific rules about the type of work that can be performed. These benefits are available in public and private programs.
Voluntary Benefits
The Voluntary benefits have become an increasingly important offering for small businesses looking to attract and retain talent. Offering these benefits can be a cost-effective way to increase employee wellness and overall satisfaction with benefits. Some examples of Voluntary Benefits are:
- Dental
- Vision
- Accident
- Critical Illness
- Life
- Hospital Indemnity
- ID Theft
- Legal Assistance
- Pet Insurance
