| PRODUCTS AND SERVICES OVERVIEW
Enhance the benefits your company offers - at no direct cost to you
Searching for a way to offset the most recent rate increase? Do you want to find a way to offer benefits that round out your offerings? Contact us to get a few ideas on how to meet the challenge.
Most Insurance doesn't cover co-pays, deductibles, lost wages.
Command the highest morale from your employees by offering the highest
choice of benefits! Did you know that health benefits are ranked as the
number one benefit by employees, and studies indicate that they want
more choice and control? As an employer, you may provide medical insurance benefits, but these benefits will not cover such costs as
deductibles, loss of earning power and other out-of-pocket expenses associated with an illness or accident. If you've had to make changes recently due to a rate fluctuation, voluntary benefit policies are an excellent way to round out your
primary health care plan and save money. The better policies pay cash benefits directly to the employee.
Employees Prefer Choice-and it is the single biggest employee satisfier!
With better insurance policies, employees choose the types of coverage they want and pay for them through the convenience of payroll deduction.
And because your premiums can be paid on a pre-tax basis, you may save tax dollars or even be able to add benefits and keep your overall cost the same. Moreover, good policies pay benefits regardless
of any other insurance you may offer. If you think your employees won't be interested, readwhat researchers say. When questioned properly, six out of ten employees willingly participate.
Attract and retain your top producers!
Businesses which want to attract and keep high-performing employees recognize the importance of a competitive salary and benefits package. Yet in
today's increasingly competitive environment, containing costs might mean saying "no" to employee pressure for increased benefits. See the financial implications. (opens in new window)
One excellent solution to this dilemma is offering payroll deduction insurance to your employees to supplement your existing benefits. Recent
surveys indicate that over the past 10 years, employee interest in buying insurance through payroll deductions has doubled.
Employees concerned about their future will see the value of a voluntary payroll deduction insurance program. It is a win-win situation for
everyone.
Objectives
- To help companies control the cost of fringe benefits provided for their employees.
- To supplement existing employee benefits.
- To offer quality insurance benefits to employees on a voluntary employee-paid basis.
- To assure total and continuous employer and employee service.
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Employer Requirements
- Affordable insurance benefits that supplement existing employer-provided benefits.
- Communication of plan advantages in an educational and non-threatening environment.
- A flexible and efficient enrollment process.
- Annual enrollment opportunity and continuous service.
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Employee Requirements
- Enables employees to purchase quality insurance at affordable rates.
- Protection for themselves and their families.
- Premiums paid through the convenience of payroll deduction.
- Employer sponsorship results in little or no medical or financial underwriting.
- Coverage that is portable.
- Strengthens company benefits program and enhances corporate image.
- Lessens pressure to increase employer-paid benefits.
- Expands current benefits without any direct cost to the company.
- Bolsters employee morale.
- Helps attract and retain good employees.
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Key Benefits
- Fills in gaps of group insurance
- Professional enrollment counselors assist employees in selecting the plan which best meets their needs.
- As the needs of the employees change, so can their policies.
- Quality products and quality carriers.
- 800 numbers to call for service.
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Click here to get a few ideas on how to meet the challenge.
Additional information;
12 Slide Powerpoint
24 Slide Powerpoint (compare your approach to other firms
-survey included)
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