EMPLOYEE BENEFITS
Medical, Dental, & Vision Plans
Medical, dental, and vision employee benefit plans are group medical coverage plans provided by an employer. Since they are group coverage, they are generally uniform in nature, offering the same benefits to all employees.
Supplemental Plans
Supplemental Insurance is extra or additional insurance that you can purchase to help you pay for services and out-of-pocket expenses that your regular insurance does not cover. Some supplemental insurance plans will pay for out-of-pocket medical expenses, such as deductibles, co-payments, and coinsurance.
Life Insurance
Life insurance protects those who depend on the insured’s life, so there’s no sudden monetary shortage in the event of their death. A life insurance policy can help their family recover from loss and continue to:
- Pay final expenses
- Pay off a mortgage
- Pay for childcare and education costs
- Cover outstanding debts
- Complete a retirement plan
- Access estate liquidity
- Provide lifetime income
We offer both term and universal life insurance.
Cafeteria Plans
A cafeteria plan is a type of employee benefit plan offered pursuant to Section 125 of the Internal Revenue Code. Its name comes from the earliest such plans that allowed employees to choose between different types of benefits, similar to the ability of a customer to choose among available items in a cafeteria. Qualified cafeteria plans are excluded from gross income. To qualify, a cafeteria plan must allow employees to choose from two or more benefits consisting of cash or qualified benefit plans. The Internal Revenue Code explicitly excludes deferred compensation plans from qualifying as a cafeteria plan subject to a gross income exemption.