Employee Benefits
Employee benefits are among the primary tools used to attract and retain a top-notch staff for any organization. Creating a plan that balances the goals of both the organization and its employees requires thorough analysis and review of benefit options and costs. Without the assistance of skilled benefit plan professionals, creating and managing the plan can consume much time and money.
Whether you’re in charge of a small start-up company or a large enterprise, we have the proven knowledge and experience to develop an employee benefits package that will optimize the best benefits possible for your company at the lowest available cost. You will receive strategic planning advice, creative benefit design, and financial management to help you meet your plan objectives and long-term goals.
We will evaluate your business and learn about its needs, offering creative and affordable solutions to help maximize your employee retention and profitability.
Group Insurance
Coverage underwritten on members of a natural group, such as employees of a particular business, union, association, or employer group. Each employee is entitled to benefits for hospital room and board, surgeon and physician fees, and miscellaneous medical expenses. There is a deductible and a Coinsurance requirement each employee must pay.
Now more than ever, employers need an advocate to assist them in understanding how the Affordable Care Act (ACA) will affect them. Changes are coming in almost every week from our government causing the medical providers to change their procedures. Most employers do not have an in-house specialist to keep up with all the changes. Some are forced to wade through this on their own or place their trust in an unqualified agent.
At Regal Group, INC. we are on top of the latest changes no matter where they originate. We have a fiduciary responsibility to our clients and will offer the most competitive rates along with creative plan designs.
Group Gap Insurance
Gap Insurance provides indemnity benefits to help offset larger financial out-of-pocket expenses related to events such as hospitalization, outpatient surgery and diagnostic tests. Benefits are paid directly to insureds so they can use the money for both medical and non-medical related expenses.
Group Level Funding
Level funding offers the same coverage and protection as fully-funded insurance plans, with the opportunity to get a refund on any un-used claims dollars. How does that work? The same as fully-funded insurance plans – a large portion of your premium dollars are put into reserves to pay claims. With level-funding plans, if your group has a healthy year they keep the claims dollars at the end of the contract term. Level-funded can be coupled with a PPO, POS, and HMO service platforms.
Group Disability Insurance
- Short Term Usually covers 1st day accident, 8th day illness and up to 26 weeks of disability. A flat amount is typically provided as the weekly benefit.
- Long Term Coverage begins after a 60 or 90 day elimination period. Funds replace appoximately 50% to 66% of the employees income. Benefits can be from two to age 65.
Group Dental Insurance
- Preventive Care This plan normally pays 100%. A small deductible may apply.
- Basic Services This plan is usually paid at 80% after a small deductible. It covers, but is not limited to, fillings, restoration, extractions and sealants.
- Major Services Usually paid at 50% after a small deductible. Examples of coverage include crowns, inlays, bridges, periodontic work.
Group Vision Insurance
You only get one set of eyes. Take care of them. Your eyes not only affect how you see, but how you feel. Caring for your vision can lead to a better quality of life, including:
- Fewer headaches
- Better performance at school
- Less computer eye strain
- More effectiveness at work
- Better performance in sports
It all starts with an eye exam.
Group Life Insurance
The plan will cover an employee for a flat amount equal to one, two, or three times the employee's annual salary. The employee may purchase additional coverage if desired at his/her own expense. Dependent family members may or may not be covered.
Our financial specialists can help you implement solutions to life insurance needs of any kind. Whether you are looking for a low cost way to ensure the well-being of loved ones, or to put a tax-sheltered investment in place that allows for maximum contributions, we can find the right fit for you. Out life insurance products range from Term Life to Universal and Variable Universal Life, and we represent over fifteen carriers.