Most organizations believe their employees are a vital asset. But today’s competitive marketplace, combined with a shrinking workforce, has made recruiting and retaining qualified employees increasingly difficult. Offering the right benefit plan has never been more important.

Coordinated health benefits can mean better outcomes for employees, and simplified administration for the employer.

Group insurance benefits represent a significant financial obligation to the employer while playing an important role, alongside government-sponsored benefit programs, in providing for the well-being of employees and their families.

The basic components of a group plan include:

Life coverage and dependents life coverage

• The amount of coverage can be a fixed sum for all employees
• Multiples of the employees’s earning (e.g. 2X, 3X, etc.)
• The optional components includes:

Extended Health Care

• Also referred to as drug plan
• Semi-private hospital care
• Prescription drugs
• Vision Care

Dental Plan

• It includes basic annual checkup, exam and regular dental services
• Enhanced components such as Major dental surgery
• Orthodontic coverage is another additional enhancement

Group Disability Benefits

• Short Term Disability
• Long Term Disability
• Other features of the plan, such as deductibles, co-insurance factors and benefit periods make it a very complicated plan and professional advice from an
• insurance advisor is highly recommended.