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Property Bldg. Laws Safeguards General Liability Emp, Benefit Liab. Employer Liability Aircraft Products Liab. Sexual Harassment Dir. & Officers Liab. Professional Liability Elect. Data Proc. Cov. Kidnap or Ransom
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Communication is often the missing component to an effective employee benefit strategy. Rather than simply enroll your employees let us communicate your benefit plan in such a way that attracts and keeps employees to your business. Each industry requires its own unique approach to benefit communication. Let us help you design your next benefit communication strategy that is user friendly to the average worker and comprehensive.
What style is best? Group meetings, one on one, IVR, Internet, and/or complete turnkey open enrollment. Together we can decide what will work best.
Our benefit statement educates employees about their hidden paycheck. Our benefit counselors explain the item-by-item cost of each benefit and show just how much is paid for those benefits. When you counsel employees properly about their benefits, the effect is two-fold. Not only does their morale improve, but also the appreciation for their employer greatly increases.
In addition to the wages that you receive from ABC Company, you have a comprehensive employee benefits package that includes the following:
The Value of Your Benefits |
||
ABC Company’s Annual Cost |
Your Annual Contribution |
|
Medical Plan (children & employee) |
$2,176.72 |
$1,090.96 |
Life Insurance |
$67.20 |
$0 |
Dental Coverage |
included in medical plan |
included in medical plan |
Vacation (80 hrs $700) |
included in annual pay |
included in annual pay |
Holidays (6days $420) |
included in annual pay |
included in annual pay |
Social Security |
$1,128.40 |
$1,128.40 |
Medicare |
$263.90 |
$263.90 |
Worker’s Compensation |
$1,963.91 |
$0.00 |
Unemployment Insurance |
$888.16 |
$0.00 |
Totals |
$6,488.29 |
$2,483.26 |
Your Annual Pay |
$18,200.00 |
The Value of Your Benefits |
$6,488.29 |
Your Total Compensation |
$24,688.29 |
ABC Company’s contribution for your benefits adds 36% to your take home pay!
You are signed up under children & employee insurance coverage. Our group medical plan is with United HealthCare of Ohio (UHC). The plan offers two levels of coverage. To receive a higher level of coverage, employees should seek health services from a UHC participating provider. However you may choose to see a physician or visit a hospital that is non participating.
|
In-Network |
Out-of- Network |
Lifetime Max |
Unlimited |
$1,000,000 |
Deductible |
None |
$300 |
Office |
$10 |
70% - 30% |
Hospital |
80% - 20% |
70% - 30% |
Emergency |
$50 |
$50 |
Mental Health |
$20 |
70% - 30% |
Our group term life insurance is with UHC. It is $10,000 coverage until you are 65 years old. At age 65 the coverage is reduced to $5,000 and you are no longer covered under the plan at age 70 and older.
Annual Deductible per calendar year -
We recognize six paid holidays. You are eligible for 80 hrs paid vacation.
For exact figures regarding your Social Security Benefits, please contact the Social Security Administration office at (800)772-1213.
This Confidential Benefit Summary is a brief description and it is not perfectly accurate, for further details consult the benefit booklet and your employee handbook.
Eighty-one per cent of employees don't realize their employer's investment in them, through company provided benefits. (ACHRA Survey, February, 1997) Employees don't put a value on insurance benefit costs, pension contributions, or other components of employee benefit strategy. They take for granted vacation time and sick leave; not knowing the costs their company incurs for employee time off.
