Can Schultheis Assist Me With Employee Benefits Programs?

From basic group health coverage and life insurance to optional coverages, many choices and combinations of coverage and funding options must be explored to find the plan best suited for your company’s employees. No matter the size of your company, your Schultheis Insurance Agent is your partner in planning benefits programs for your employees.

  • Group Health Insurance, the keystone of an employee benefits package, offers many choice options. Whether a traditional fee-for-service medical plan or a managed-care arrangement (HMO, PPO, or POS), health care coverage is a valuable benefit for employees.
  • Life Insurance offered to your employees at a group rate provides cost-effective security for employees and their families.
  • Cafeteria Plans (Section 125) offer value to both employee and employer. Employees have choices of nontaxable and taxable benefits that result in increased take-home pay and a selection of benefit items that fit their individual lives. And the employer experiences a reduction on taxable income and, therefore, tax liability as well as payroll costs. Also, the employer can control the company’s share of medical costs without limiting employee choices.
  • Health Savings Accounts (HSA’s), in combination with a qualified high-deductible health plan, allow employees’ funds to accumulate tax-free to be used for qualified medical expenses. Balances in Health Savings Accounts at the end of the plan year carry forward to future years and may ultimately be carried into the employee’s retirement years.
  • Health Reimbursement Arrangements (HRA’s), funded by the employer in conjunction with a high-deductible health plan, provide employees with tax-free coverage for approved health care expenses.
  • Flexible Spending Accounts (FSA’s) allow employees to set aside funds on a pre-tax basis to pay for health and or dependent care expenses throughout the year.
  • Short & Long Term Disability provide reimbursement to the employee of a portion of his or her salary while allowing time to recover from a disabling injury or illness.
  • Dental and Vision Care are popular additional health coverages that help employees fund these vital health concerns for themselves and their dependents.
  • Long-Term Care policies help pay for care when covered individuals are unable to handle routine care for themselves. Coverage may include in-home health assistance or skilled nursing care in a medical facility.
  • Gap Health Plans cover health-care costs not covered by Medicare Parts A and B, such as deductibles, co-payments, prescription drugs.

Whatever the size of your business, your Schultheis Insurance Agent will help you evaluate your Employee Benefits needs and create and administer a program of coverages appropriate for your business and your employees.