Worksite Benefits have become an increasingly important aspect of employee benefits programs as medical costs have increased and employers have been forced to shift risk to employees. There are more options than ever available to employers, so it’s important to work with a trusted advisor to help choose the right carriers and product mix for each company.
Traditional Voluntary Benefits
e3 believes that a “Best in Carrier”, not “Best in Breed” approach makes the best sense for most companies. “Best in Carrier” allows us to assist our clients in finding the best single provider for their voluntary benefits. “Best in Breed” results in employee confusion, multiple bills, and/or a third-party consolidated billing process that can often create layers of complexity that are ultimately not necessary. e3 has access to the best underwriting concessions, pricing and contracts through most of the leading carriers in this industry. This is the segment of the industry that most of us grew up in and one that has seen tremendous change. New carriers are constantly entering this marketplace and products are always evolving. Let us help you filter through this complex market to find the best fit.
Group and Individual Worksite Plans
Carriers offer plans on either an individual (employee-owned) basis, or group (employer-owned) basis. Both contract styles can be beneficial depending on customer complexity. We have access to the best individual and group voluntary plans in the marketplace today.
The Gap concept has seen growing popularity. Employing this concept involves increasing an employee’s deductible on their group medical insurance and offering a secondary “gap-filler” to re-insure his or her exposure. This can be done with an employee-paid voluntary benefit, with an employer-paid plan or some combination of contribution strategy. There are both expense-based Gap plans that coordinate directly with major medical and indemnity-based plans that pay a flat amount per occurrence. We have access to leading plans in each category as well as to pricing models that help employers determine if the Gap concept makes sense for them.
We have demonstrated a strong history of delivering high participation rates and educational success on group ancillary lines of coverage. This success has led to strong partnerships with many national carriers which can result in relaxed underwriting guidelines and/or preferred pricing.
Non-traditional Employee Benefits
Have you ever been asked about legal plans, ID theft, tax-prep, or estate planning services through payroll deduction? What about loan services, consumer goods purchase or even auto, home or pet insurance? We have been asked about and have solutions for all of these. Let us help you find the right solutions to meet your employees’ needs.