Having a the right benefit package makes all the difference to your company's success. We create specific, strategic, and comprehensive benefit packages that are customly tailored to your business's needs.
While many people associate group benefits plans with medical coverage, there are many other forms of insurance to consider. Dental, disability, life, vision, and supplemental health plans are all important for employees and their families' health and well-being.
Group benefits, are insurance products that cover a group of people who are usually the members of societies, employees of a common employer, or professionals in a common group. Group coverage helps reduce premium costs because it reduces the insurance carrier's risk by creating a pool of people to insure who are together for reasons other than obtaining insurance. Group benefits can also be a powerful incentive to keep and attract great employees.
There are various type of group benefits. They can be either sponsored by an employer or group, or be voluntary.
Group Health Insurance
Group health insurance coverage is a policy that is purchased by an employer and is offered to eligible employees of the company (and often to the employees' family members) as a benefit of working for that company. A group health insurance plan is a major part of many employee benefits packages that employers provide for their employees.
Group Life Insurance
Group life insurance (also known as wholesale life insurance or institutional life insurance) is term insurance covering a group of people, usually employees of a company, members of a union or association, or members of a pension or superannuation fund. Individual proof of insurability is not normally a consideration in the underwriting. Rather, the underwriter considers the size, turnover, and financial strength of the group.
Group Disability Insurance
Group Disability Insurance is a type of group insurance that provides regular income replacement payments to an insured member of the group in the event of an eligible disability resulting from illness or injury. Coverage is generally offered in two types: short-term disability (STD) or long-term disability (LTD).
Group Accident/Supplemental Insurance
Supplemental insurance is extra or additional insurance that you can purchase to help you pay for services and out-of-pocket expenses that your regular insurance does not cover in the event of an accident or other covered loss.
Group Dental/Vision Insurance
When organizations want to offer the best dental and vision care benefits to attract and retain the best employees they need to work with our group dental and vision experts. We have access to the benefit plans that will keep your group members, employees, and their families healthy.
Group Critical Illness & Cancer Insurance
Medical bills that your primary health insurance would not cover are covered by critical illness insurance. It's a lump-sum payment you get if you have a major disease like cancer or a stroke. Medical insurance is insufficient, or one's income is jeopardized. When you've been diagnosed with cancer, the last thing on your mind is money. Cancer insurance may be able to alleviate some of the financial strain.
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Need your group benefits reviewed or simply want to establish a new plan, contact us & we'll help you ever step of the way.