Your Group Benefit plan can help you attract and retain the employees you want.
If you want an effective benefit solution for your company, we have access to a wide range of plan design options.
A good benefits plan has several advantages:
- Helps to attract and retain high quality people to your organization.
- Healthy people = healthy companies. Benefits can help maintain the physical and mental health of employees resulting in reduced absences and a higher level of engagement, which is better for your bottom line!
- Health & Dental benefits paid by an employer are a tax-free benefit to the employee.
Benefit Plan Options
These plans tend to be the most common and cover a variety of items such as prescription drugs, vision care, and dental. Other standard benefits include life insurance, accidental death, and out of country travel. Specific plan designs range based on preferences and affordability. Premiums are paid by the employer/employees and the insurer assumes all risks.
Health Spending Account
A Health Spending Account (HSA) is like a bank account. The employer funds the account monthly or annually and the employee can use these ‘health dollars’ for eligible health expenses however they choose (up to the maximum funding level determined by the employer). This provides a highest degree of flexibility as needs tend to vary from one family to the next. Benefits received from an HSA are tax-free to employees.
Get the best of both worlds with a combination of the traditional plan and Health spending account. Adding an HSA to a traditional plan adds a tremendous amount of flexibility with retaining risk protection against larger claims.
Contact us today to explore benefit solutions designed to help serve the wellness needs of your employees and your business.