Core Workplace Benefits
with National General
Innovative employee benefit solutions
We provide small- to mid-sized employers with health-benefit options for group members looking for extra financial protection. We have access to extra coverage that helps employees cover out-of-pocket expenses resulting from unpredictable events like accidents, critical illnesses and more. Our experienced team is ready to help you find the right plan and help answer any questions you may have.
National General Benefits Solutions’ Self-Funded Program has health benefit plans for small to mid-sized businesses that could lower employer health care costs while providing quality major medical coverage to employees. The Core Value suite of reference-based pricing plans pay benefits based on a multiple of the Medicare reimbursement rate or a derived equivalent. These plans deliver significant savings by paying a consistent and fair reimbursement rate to all providers. You can be confident your employees are taken care of every step of the way.
In addition to the traditional Core Value design, you can also select from the following options:
- Core Value Access adds the benefit of access to a physician network.
- Core Value Flex allows employers to switch to a PPO network mid-year without a change in monthly payment.
Take control of your healthcare costs and talk to the Senior Benefits Services team today to get started!
If you’re an employer who doesn’t yet offer an investment or retirement program to your employees, consider some reasons why you should start one including the ways it benefits both you and your employees.
Employee attitudes show that the option for a quality retirement program is an increasing expectation in the workplace:
6 in 10 Gen Xers believe private employers should be legally required to offer a 401(k) plan to employees.*
59% of workers say they would be likely to switch employers for a nearly identical job with a similar employer that offered a retirement plan or a better retirement plan.**
Why Some Businesses Don’t Offer a 401(k) Plan
Many employers believe that 401(k) benefits are too expensive—59% of small businesses don’t think they can afford it. Employers may also be daunted by what they perceive as administrative and compliance complexities or may simply not realize the potential advantages of offering their employees a retirement program.***
For information on government incentives and credits to offset 401K expenses, download these brochures.
Our Trusted Partner:
Mutual of Omaha’s mission is to provide products and services that help our customers through life’s transitions – including retirement. We have been in the retirement services business for more than 45 years and have built a quality retirement services platform. We simplify the 401(k) experience for our customers through an easy-to-use solution that provides peace of mind and helps individuals achieve their retirement savings goals.
Find helpful videos explaining various benefits and how to look for benefits that fit you:
To learn more go to:
Benefits to Employers Who Offer Retirement Programs
• Company matching dollars are tax deductible (up to a certain limit)
• Overhead and administrative costs are also tax deductible
• Government tax credit of up to $500 for first three years (subject to certain eligibility requirements)****
• Cost to lose and replace employees could be more than the cost of 401(k) match—replacing an employee can cost 150% of his or her annual salary*****
• Helps with recruiting new employees
• Boosts employee retention, loyalty, and morale
• Acts as a performance incentive—employer profit-sharing contributions can be tied to company profits or other goals
• Can reduce overall health care costs if employees are able to retire on time
• Business owners can contribute toward their own retirement and take advantage of tax savings
Benefits to Employees Who Participate in Retirement Programs
• Investment options in the plan each have full-time investment managers to manage the funds, offering an inexpensive way to create a professionally managed, diversified portfolio
• No minimum investment requirement—many mutual funds require minimum investments, which can start at $500 and run up to $10,000 or more
• Finding suitable firm investments is done by the employer, professional advisors and plan provider
• Loans and hardship withdrawals allow money to be taken out in an emergency (if plan allows)
• Making traditional, pre-tax contributions lowers taxable income for the current year
• Contributions are made through automatic payroll deductions
• Money contributed and earnings accrued in a 401(k) account (dividends and capital gains) are tax deferred until withdrawn from the plan
• Compound interest over time can help contributions to grow considerably
• Option for a Roth 401(k)—contributions are taxed when the money is invested, so qualified withdrawals are done so tax free
Find more resources at:
* Insured Retirement Institute. Generation X and Retirement Readiness. (March 2018).
** Transamerica Center for Retirement Studies. What is “Retirement”? Three Generations Prepare for Older Age. (April 2019).
*** Paychex. Misconceptions About Retirement Plans Often Make Them Scarce in Small Companies. (September 2017).
**** Internal Revenue Service. Retirement Plans Startup Costs Tax Credit. Retrieved from https://www.irs.gov/retirement-plans/retirement-plans-startup-costs-tax-credit
***** Gallup. Many Millennials Are Job Hoppers—But Not All. (August 2016). Investments offered through a group variable annuity contract (Forms 902-GAQC-09, 903- GAQC-14, 903-GAQC-14 FL, 903-GAQC-14 MN, 903-GAQC-14 OR, 903-GAQC-14 TX, or state equivalent) underwritten by United of Omaha Life Insurance Company, 3300 Mutual of Omaha Plaza, Omaha, NE 68175, in all states except New York. In New York, Companion Life Insurance Company, Melville, NY 11747 underwrites the group variable annuity (Form 903-GAQC-17NY).
80% of employees said they were at least somewhat interested in purchasing additional insurance benefits.
(From a Colonial Life survey conducted from March 28 - April 4, 2014)
Benefits are a major reason people choose to accept one job over another, and can be a major reason they stay with a company. As many employers offset premium increases with higher-deductible plans, voluntary benefits can help employees bring their coverage and budgets back into balance. That and employers can pay for many voluntary benefits with pre-tax income, which in turn lowers both the income tax you have to pay as a business, and the FICA taxes paid.
Call today to find out more about how you can use voluntary benefits to help your employees and your business feel more secure in their futures.
Everything you need to know about voluntary benefits
Employees Can Buy the Benefits They Want
There are a lot of great ways not only to insure your business and employees, but maintain a level of excellence and comfort in knowing that your people are protected. Help your employees protect their families, finances and future. Workplace benefits make all of the difference, and can even help you recruit and retain employees. Finding employees with the right skills for your business can be a tough challenge for many businesses, so keep them happy and attract even more with beneficial supplemental insurance, a.k.a. voluntary benefits.
Also known as supplemental insurance, these often employee-paid benefits are a great way to fill the gaps in major medical coverage and main insurance policies. This includes accidental insurance, cancer & critical insurance, dental insurance, disability insurance, hospital confinement policies, life insurances, income protections, survivor benefits and more. Many policies can include a wellness benefit that helps to pay for screenings like mammograms, colonoscopies, cholesterol and much more. No matter what you may need to fill in a gap in coverage, Senior Benefits Services can help you find the best fit for you, your business, and your employees.
If you are responsible for your company's employee benefits, and have employees asking for additional benefits your company cannot afford to provide, watch this short video to learn how you can offer your employees a selection of additional workplace benefits they can choose to pay for through payroll deduction.
Accident insurance helps with what your health insurance plan might not cover.
Company programs like the Aflac Accident Insurance, pay cash benefits directly to you (unless assigned otherwise) to be used however you need them to be. Anything can happen, so accident insurance is that extra safeguard to your financial future and wellbeing,
For instance, how could a broken leg affect you and your family financially? The average cost of a broken leg is about $7,000, and after major medical coverage you could still owe thousands of dollars in out-of-pocket medical expenses not covered by your insurance. Not to mention follow up visits and any additional prescriptions. Whether you are a company or an individual, it just makes sense to have peace of mind for you or your employees.
Critical Illness Insurance
Give peace of mind & protection with Critical Illness Insurance
When employees experience a critical illness, it's often not covered by their health insurance and can become a extremely stressful time in their lives both financially and personally. During these challenges critical illness insurance can help them focus on recovery instead, and getting back to work sooner, knowing their family is protected from financial devastation.
Existing medical insurance plans and wellness programs give employees a solid base, but with rising and changing costs it can be difficult to provide the benefits they actually need without affecting your bottom line. When one of your team members is diagnosed with a critical illness, they’re often forced to take time off to heal, then come the mounting expenses that their health insurance plan will not cover. That's why critical illness insurance can be a huge help and benefit.
This voluntary benefit plan is a supplement to major medical coverage. It provides a lump-sum benefit that can be used to pay direct and indirect costs related to a critical illness. Some of these can include:
- Deductibles and co-pays
- Expenses related to out-of-network treatment and additional medical procedures, such as angioplasty and pacemaker implantation
- Travel, lodging and meals during treatment
- Lifestyle changes that may lead to better health, such as gym memberships and smoking cessation programs
- Rehabilitation and home health services
- Child care
Critical illness insurance is designed with both employees and employers in mind
Tough times get easier with Cancer Insurance
Provide cancer coverage to help protect your team from the potential financial disaster of cancer treatment costs. Cancer insurance enhances your company benefits package by helping your employees and their loved ones with cancer costs without adding costs to your business' bottom line.
Make cancer associated costs more manageable
Offering competitive benefits packages are a great way to hire and keep the right employees for your business. Bridge the gap in health insurance coverage by providing additional coverage employees may need without boosting your company’s expenses. Cancer insurance benefits help offset both indirect and direct cancer costs that may not be covered by standard medical plans.
Some such benefits are:
- Deductibles and co-pays
- Out-of-network treatment
- Travel, lodging and meals during treatment
- Child care
- Home health services
- Some plans also cover an annual cancer screening test to assist with prevention and early diagnosis.
Dental & Vision
Boost your benefits package with Dental & Vision coverage
Dental insurance and vision insurance are essential parts of any competitive benefits package.
In most cases workers rank dental insurance second after decent health insurance coverage. Even so, basic dental cleanings and procedures aren’t usually covered by many health insurance policies, leaving your employees with some potentially large bills to pay. Dental insurance encourages better dental care and helps reduce out-of-pocket expenses for a variety of procedures. Healthier, happier employees help grow thriving businesses. If you’re looking for ways to round out your benefits package consider dental insurance.
Some of what's covered:
- Tooth removal
Enhance your dental benefits with vision coverage!
Vision can be a costly business. Add a vision rider to help pay for eye exams and materials, such as glasses and contact lenses. This additional coverage can help your employees maintain healthy vision and overall wellness. Pick a plan that fits you and your employees with potential access to a large vision network that includes independent optometrists, ophthalmologists and retail stores like Walmart, Sam’s Club Optical, Costco, Pearle Vision and Target.
Contact Senior Benefits Services to find great vision and dental programs!
Disability insurance helps provide peace of mind for your employees
Improve recovery and productivity with disability income protection. When an employee is unable to work due to an illness or injury, it impacts everyone. Provide the support they need during tough times with insurance plans like those offered from Colonial Life insurance. Talk to Senior Benefits Services about different plans available to you.
Everyone needs protection
If an employee becomes disabled, they could be out of work for a period of time. Without steady income, it often becomes harder to pay for everyday expenses, putting a strain on their family and adding more anxiety to an already difficult situation.
Disability insurance safeguards both sides by providing income protection in the event an employee is unable to work due to a common condition, such as:
- Pregnancy and childbirth
- Heart attacks and strokes
- Back and joint disorders
- Accidents and fractures
With a financial safety net, disability insurance can help your employees and company focus on success rather than worry about "what-ifs."
Hospital Confinement Indemnity Insurance
The smart companion for today's high deductible health plans
Health care costs are climbing, and like you, your employees are looking for help. With an increasingly competitive job market, it’s important to offer a strong benefits package that can assist with these rising expenses. Complement your health benefits offering with hospital indemnity insurance.
Financial protection for unexpected hospital expenses
Balancing benefit costs and coverage is difficult for you and your employees. Whether you’re looking for a way to round out your overall benefits package, move to a more affordable health plan, offer HSA-compliant coverage or simply provide more robust benefit options to your staff, hospital indemnity insurance can help.
By offering employees this additional benefit, you can deliver a solution to help employees offset the gaps left by expenses that aren’t covered by most major medical plans, such as costs related to:
- Outpatient surgery
- Inpatient services
- Diagnostic tests
- Doctor appointments
- Emergency room trips
This type of coverage not only reduces financial strain for workers, but also helps alleviate the business pains that come with managing ongoing changes in employee health benefits.
Legal Plans to Fit Your Needs
Expected and unexpected legal issues can occur every day. With a LegalShield Legal Plan, a small monthly fee gets you access to advice and counsel on an unlimited number of personal legal issues from attorneys with an average of 19 years experience.
Some of the services covered:
- Document Preparation
- Family Matters
- Letters & phone calls on your behalf
- Contract & document review
- 24/7 emergency assistance
- Trial defense services
- and more!
Affordable legal protection for every aspect of your life. Affordable and ready to serve, not bill. LegalShield is great for business and individual need alike.
Your identity is personal
Keep it that way with affordable identity theft protection
Protect your family's good name. Identity theft affects millions of Americans each year. In just minutes the financial damage and emotional harm caused by identity theft could take years to recover from. LegalShield equips you with the information and expertise you need to help protect yourself and resolve issues with the help of Kroll Advisory Solutions. No matter what happens, you have the best coverage possible to be empowered and worry less!
For any additional information about LegalShield's services and plans, contact Senior Benefits Services now. It's never too early or too late to protect you, the ones you love and your businesses.
From the Trivial to the Traumatic
and everything in between
Worry Lesss. Live More.
Ready to get started?
Or just have some questions?
For Employees & Individuals
Chose the benefits that fit your lifestyle
Are you taking advantage of the benefits offered to you at work?
Even though your employer may offer a comprehensive benefits package, there may still be areas where you need more protection. How will you cover what your health insurance won't?
Take a total benefits approach. With household income being tight and the future unpredictable, life's changes are better insured.