Traditional Group Benefits

In today’s competitive work environment, employees often believe they are entitled to a wide range of company-provided benefits. Employee benefit programs typically include basic and major medical protection, prescription, vision, dental and group life insurance. Generally, most group plans begin with a modest package of benefits. Whether or not employees contribute to the cost of their benefits varies. As employees ask for additional benefits to meet their individual needs, they may be asked to assume more of the overall cost.

A myriad of choices are available for plan design depending on the size of the company’s employee group, budget for benefits, employee cost share and the employee retention and compensation strategy of the company. Retirement planning, voluntary plans to meet individual needs, consumer driven health plans and wellness programs offer creative options to fund traditional benefits or increase the benefits available to employees.

Additional benefit options are available to reward and retain key employees, fund executive and owner retirement, or provide the funding for business perpetuation planning.