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We serve a variety of small- to medium-size
business clients with all of their employee benefit needs. The agency
provides businesses with the expertise to attain flexible benefit
programs that include any or all of the following services:
Medical Benefits
Protecting employees and their families against the rising
cost of medical care is likely one of every employer's top priorities
when it comes to benefits. Today's challenges include determining
the right combinations of cost management and the employees' care,
accessibility of your medical plan, determining the appropriate
level of cost sharing from employees and the right funding approach.
We can provide the needed expertise to help the employer make these
decisions and save valuable time in the process.
Dental
Dental benefits are now an integral part of most employee benefit
programs.Managing cost through the utilization of networks of participating
dentists can help provide excellent value to employees and their
dependents.
Life/Accidental Death &
Dismemberment
Group Term Life provides a death benefit for employees and is optional
for their dependents at a very affordable cost. Employees can voluntarily
enhance these benefits at no direct cost to the employer through
payroll deduction.
Disability Income
For most people, their earning potential is their greatest financial
asset. Nearly one in seven can expect to become disabled for five
years, or more, prior to age 65. Disability income replacement can
be tailored to specific company needs and budget requirements. Many
employers provide a policy that begins to protect their employees
for shorter term disabilities with a Short Term Disability plan.
Most experts agree that the most devastating disability is a long
term illness. Long Term Disability can provide income replacement
to maintain employees and their families for an extended period
of time.
Vision
Many employers add vision benefits to enhance competitiveness in
today's tight job market. Concerned by the potential vision related
ailments affecting computer users, employees perceive vision care
as a valuable benefit. Employers benefit from the increased productivity
of employees with improved vision.
401(k)
401(k) plans, established and regulated by the Internal Revenue
Code, are now the primary retirement savings vehicle. Participants
can choose to defer a portion of their income and payment of taxes
until retirement. All plan assets grow tax deferred. They can be
funded exclusively with employee deferrals or with employer discretionary
matching contributions. These contributions, within applicable
legal limits, are tax deductible. Because 401(k) plans are flexible,
they can be customized to meet a variety of retirement plan goals
for a broad range of businesses.
Section 125
Sanctioned plans, governed by IRS Code Section 125, allow employees
to pay insurance premiums, child care expenses and unreimbursed
medical expenses on a pre-tax basis. Both employees and employers
pay less in taxes.
Cancer Benefit
With 1 out of 3 Americans facing cancer and 70% of the related expense
being non-medical related, supplemental policies can offer additional
protection and cash flow to an employee facing this disease. This
benefit may be offered on a payroll deduction basis.
Long Term Care Benefit
The expense and time involved in ever expanding long-term care responsibilities
for many employees has resulted in increased indirect employer costs.
Work/Life benefits are being incorporated into employer's benefit
programs to help employees balance their working needs and personal
lives. Long Term Care is an asset protection program, providing
a level of coverage designed to meet nursing home care as well as
home health care protection.
Universal Life Benefit
Life insurance that provides for a full face amount of death benefit,
while accumulating cash values on a tax deferred basis. These cash
values can be used for loans and benefit proceeds are not taxable
to beneficiaries.
Executive Benefits
Addressing the needs of the Executive is more important than ever
in this increasingly competitive market. Many of your current benefit
programs can be enhanced to meet your Executive's needs. Insured
medical reimbursement programs can increase your key employee's
compensation by as much as $100,000 a year, and premiums may qualify
as a corporate tax deduction. Limitations of a "qualified"
retirement plan can be enhanced by a number of "non-qualified"
plans. Each plan can be structured to provide a "win-win"
solution for the employer and their executive.
Cobra
Of all the employer mandates, COBRA tops the list as a continually
evolving law with dire consequences for failure to comply. Outsourcing
COBRA administration at a fraction of the cost of internal compiance
is the answer.
Partially Self Funding
Over one half of all U. S. employers have chosen partial or fully
self-funded medical benefits. The phenomenon of self-funding and
its explosive growth resulted from the coming together of many forces
at the same time: ERISA preemption, rising health care costs, the
clarification of legal and regulatory issues and employers' widespread
use of risk management. Many small to midsize employers comfortably
self-insure, motivated by control over their plan design, administration
and cost containment programs.
Group Travel Accident
Provides Accidental Death and Dismemberment, Accident Disability,
and Medical Coverage for employees traveling while on the job.
Qualified Retirement Plans
There are many factors that encourage employers to incorporate a
qualified retirement plan into their benefit programs. Obviously,
the attraction, retention, and when necessary, the planned turnover
of staff can all be goals. Employers are faced however with the
challenge of determining what is most appropriate for their employee
group. Defined contribution, defined benefit, or combination plans
can all offer solutions to meet the employer's goals and objectives.
Special tax benefits vary with plans. The choice of the right retirement
vehicle is equal to the chosen investment options, administration
and level of employee communication.
Employee Assistance Programs
Employee Assistance Programs have proven highly effective in reducing
medical claims and lowering absenteeism. An EAP is a powerful tool
that helps employees and their families deal with a variety of work-related
and personal problems before they interfere with productivity.
Employee Benefit
Statements
Industry studies show that although employees receive thousand of
dollars in benefits annually, most have no idea of what these benefits
are and how much they are worth. Personalized employee benefit statements
communicate the tremendous value of these benefits in a positive
way.
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