Group Benefits

Health-related benefits are often offered by employers. Generally, the cost of these benefits is shared by the employer and the employee. These benefits play a key part of competitively positioning an employer for the top candidates.

Group Term Life Insurance
Group term life insurance has two basic formats. Employers can choose to offer insurance at a set amount, or as a multiple of annual salary. Employees can also purchase additional amounts on themselves, their spouse, or children.

Medical Insurance
Premiums for medical insurance can be very costly, and it is often prohibitively expensive for someone to purchase outside of an employer-sponsored plan. Thus, an employer-sponsored health plan is an excellent way to attract and retain employees.

There are numerous types of medical insurance that employers can offer. These range from restrictive inexpensive plans, to the unrestricted more expensive options. Generally, employers give the employees the choice between several types of plans. This allows the employee to choose the plan that best fits their needs and budget.

Dental Insurance
These plans cover a wide range of services from orthodontia to basic yearly check-ups. Specialty coverage, such as, adult orthodontia is usually offered as a rider to the basic plan. These plans usually include yearly maximum benefits

Disability Insurance
Disability insurance provides limited income replacement when an employee can no longer perform the essential functions of the job. These policies vary widely and can pay as little as 50% for 26 weeks or as much as 70% until retirement. Most plans offer additional provisions that improve coverage and encourage employees to return to work when able.