Group Benefits
With the introduction of the Patient Protection and Affordable Care Act (PPACA), employers are diligently looking for the best protection they can provide to their employees at the lowest cost. The additional reporting and documentation requirements, coupled with trying to remain compliant with the ever changing laws, has increased the burden on Human Resource officers as well.
We are here to help. From initial needs analysis to consultation and quoting, through Open Enrollment and implementation, e*Ben Consultants is with you every step of the way.
HR Solutions
We know that Human Resource departments are becoming increasingly under staffed and overworked with compliance laws practically changing by the day. e*Ben Consultants will streamline your New Hire onboarding process, facilitate annual Open Enrollments and help make your HR Department more efficient with the implementation of our technology solutions.
Group Benefits
Your business invests thousands of dollars each year in the training of employees. Studies show that 80% of employees base their decision to change jobs on the offer of better benefits. We will analyze your current benefit package, make recommendations, search the market for the best-in-class benefits at a premium that will reduce your financial burden.
Group Health
You want to offer your employees the best healthcare benefits, but you’re also dealing with rising premiums. We help small to mid-sized businesses grow their bottom line and offer quality health insurance. We will consult with you on the many different design options, assist in the education process for the employees, and help choose the best-in-class options to fit the needs of your employees, as well as the needs of your business.
Vision
Vision is typically offered on a voluntary basis and normally 50-60% of your employee population will elect this coverage. This coverage is very network oriented, so electing the right carrier for your specific geographical area is very important. Our recommendations for this product depend heavily on the carrier network that is right for your area. In some cases dual options are suggested.
Disability
At least 51 million working adults are without disability insurance. This is one of the most overlooked coverages offered. In 2014, a study showed that 41% of bankruptcies were due to medical bills arising from sickness or injury. Let us assist you in helping protect your valued employees. We have formed strong relationships with several A+ rated carriers, which is extremely beneficial when negotiating rates and offering the right coverage to your employees.
Cafeteria
Section 125 of the IRS code allows for tax relief benefits for employers and employees. This can be a Premium Only Plan (POP) to a full Full Flexible Spending Agreement. The documentation and compliance administration that accompanies cafeteria plans can be very labor intensive. It is extremely important that employers have a knowledgable broker to assist them with choosing the right Administration Company for this task. We have over 30 years of combined experience ….. so you are in good hands with e*Ben Consultants.
Dental
Topped only by Major Medical, dental coverage is the most important coverage that you can provide to your employees. Therefore, it is a crucial part of your benefits package. The network and design of your dental coverage will determine employee utilization, and ultimately affect the satisfaction of your employee population. Let us use our knowledge and relationships to ensure that their satisfaction is achieved.
Group Life
For 40% of employees the Group Life coverage you provide is all the life insurance they will have. Stringent medical questions on Individual Life coverage can make it unaffordable and, often, unattainable. By offering Voluntary Life, in addition to your Group Life, your employees may be eligible for guaranteed issued amounts of coverage that they would not normally be able to afford.
Worksite
Unfortunately, as hard as you try you will never be able to design your benefits package to meet every employee’s individual needs. However, providing your employees the opportunity to purchase voluntary products, such as Cancer, Accident, and Critical Illness coverages, through payroll deduction will help them fill possible gaps in their coverage. We cut our teeth in the insurance business with these types of coverages and will use our knowledge of these products to consult with you on what is right for your employee population.
A few of our Carrier Relationships…
A.M.Best Rating: A (Excellent)
Ameritas Life is one of the oldest Insurance companies in America. It was founded in 1887. They are listed as a top-five dental provider by A.M. Best with an A+ rating by the Better Business Bureau. They are proud to say they have earned 12 Center of Excellence Call Center Certifications.
A.M. Best Rating: A-(Excellent)
Always Care is a subsidiary of Unum and underwrites and administrates the Dental and Vision plans. Always Care is based out of Baton Rouge, Louisiana and boasts a very large and robust network of providers. Known for reliable service and customer satisfaction Always Care is admitted in 49 states and is a top choice for Dentist and Optometrists everywhere.
A.M. Best Rating: A+ (Superior)
For over 140 years One America has been providing stability and value to their policyholders. They have a strong focus on Life and Disability coverages and have an A+ rating from the Better Business Bureau. Having over $74 Billion in assets they have the financial strength to see every claim is paid promptly.
A.M. Best Rating: A (Excellent)
Colonial offers supplemental health benefits for life insurance, accident insurance, disability, and medical plan enhancements. They are also a subsidiary of Unum and as such are very financially sound. Covering over 3 million people and over 80,000 businesses they are very well versed in the employee benefit arena.
A.M. Best Rating: A (Excellent)
Unum is a company of people serving people. As one of the world’s leading employee benefits providers, Unum helps protect more than 25 million working people. They are the top disability insurer in the United States and listed as Forbe’s 100 Most Trustworthy Companies.
A.M. Best Rating: A+ (Superior)
Founded in 1909, Mutual of Omaha is a highly-rated, Fortune 500 organization offering a variety of insurance solutions. With more than 100 years of insurance experience MOO has stood the test of time. They offer a broad range of insurance coverages and like Unum they can provide businesses with benefit plans for every need excluding Major Medical.
