What are Group Benefits
Types of Group Insurance
- Employee and Dependent Term Life Insurance
- Accidental Death and Dismemberment
- Optional Term Life
- Short-Term Disability
- Long-Term Disability
- Healthcare
- Visioncare
- Dentalcare
- Medical Reimbursement Plan (Cost-Plus)
- Employee Assistance Program
Advantages to the Employer
- Established corporate policy in the event of death or disability
- Attract and retain key employees
- Increased morale
- Reduced absenteeism and increased productivity among employees
- Tax incentives
- Hassle-free administration
Advantages to the Employee
- Basic protection for the employee and family
- Less expensive than individual insurance
- Higher standard of healthcare than otherwise possible
- Tax advantaged compensation
- Coverage for “uninsurables”
- Hassle free administration
