Health & Welfare
Term Life and AD&D Insurance
Group life insurance provides coverage for employees and their families in the event of death or accident.
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Benefits- Flat amount or salary multiples
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Waiver of Premium- Premium waived while totally disabled
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Accelerated Death Benefits- Benefit payable in the event of terminal illness
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Accidental Death and Dismemberment- Benefit doubles in the event of accidental death
Disability Insurance
Group short-term and long-term disability protect one of an employee’s most valuable assets– the ability to work and earn an income.
- Choice of income replacement percentages up to 66 2/3%
- Choice of elimination periods and benefit durations
- Definition of disability and partial disability covering own occupation and any occupation
Dental Insurance
Group dental insurance enhances an employer’s benefit package and offers:
- Fully insured, PPO and indemnity plans
- Coverage for preventative dental care such as routine exams, cleaning and fluoride
- Coverage for basic dental services such as fillings or tooth removal
- Coverage for major dental services such as crowns and inlays
- Optional benefits such as orthodontic coverage
Vision Insurance
Group vision insurance plans reduce the cost of routine eye checkups and treatments and help pay for portions of major eye-care procedures.
- Flexible benefit designs
- Exam-only plans
- Comprehensive plans
- Laser vision correction discounts
Comprehensive Major Medical Insurance
Fully Insured Plans
A health plan purchased from an insurance company or other underwriter.
Self-insured Plans
A health plan where the employer assumes the financial risk of covering its employees, paying medical claims from its own resources.
Health Maintenance Organization (HMO)
A partnership of hospitals, doctors and other providers in which the HMO has a contract and generally follows a set of care guidelines provided through the HMO’s network of providers.
Preferred Provider Organization (PPO)
A managed care organization of medical doctors, hospitals, and other providers who provide healthcare at reduced rates through an insurer or a third-party administrator.
Consumer Directed Healthcare Plans (CDHP)
Consumer Directed Healthcare Plans are high-deductible health plans with or without a Health Savings Account (HSA).