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Medical Benefits:   Protection, Prevention and Wellness – Simplified.
Rising health insurance premiums and a rapidly-changing marketplace make it increasingly difficult for employers to provide their employees with comprehensive, affordable medical coverage.  New product offerings, expanded plan designs and alternative funding arrangements can leave employers feeling confused and overwhelmed as they struggle to balance coverage requirements with budget constraints.
Bene-Care gives you the power to take your benefits further.
Our approach combines comprehensive analysis with a simplified selection process.  Accurately identifying employer coverage requirements, we conduct a thorough evaluation of plan options, summarizing and translating complex benefit summaries into meaningful comparisons with straightforward language and reader friendly format.
We understand that employers need reliable information to make informed decisions. It’s why we advise clients about emerging trends, product development and regulatory issues that may influence the evaluation process and final benefit selection.  We recognize that companies must balance coverage needs with budgetary considerations.  Streamlining the process to favor the company objectives gives employers the power to design affordable, efficient benefit packages with confidence.
Bene-Care works with the leading insurance carriers to offer a large and diversified portfolio of products and services.  Our portfolio of products includes:

  • Traditional indemnity plans
  • Health maintenance organizations
  • Preferred provider organizations
  • Exclusive provider organizations
  • Point-of-service plans
  • Consumer-driven health plans (Including High Deductible Health Plans)
  • Health savings accounts
  • Medicare advantage plans
  • Health reimbursement accounts
  • Community rated or experience-rated plans

Let us put our knowledge and experience to work for you.  Bene-Care can design and deliver benefit solutions that meet your needs and fit your budget.

 

 

 

 

HRAs: Employer-Directed Funding Alternatives
Health Reimbursement Accounts or Health Reimbursement Arrangements (HRAs) are IRS-sanctioned agreements that allow employers to reimburse participating employees for their out-of-pocket benefit expenses.  HRAs reimburse only for items agreed to by the employer and not covered by the company’s insurance plan. 
Health Reimbursement Accounts may be established any number of ways to accommodate the employer’s financial and benefit objectives.  For example, the employer may choose to keep the plan open-ended and reimburse for all medical, dental and vision expenses or the employer may limit reimbursements to deductibles only, prescriptions only or any portion there of.   An employer may elect to have multiple plans, providing employees the opportunity to choose between plans.  The employer determines whether or not unused plan funds will be rolled from year to year, and if so, how much will be rolled (either a flat amount or percentage basis).
Benefits of an HRA:

  • Employer can substantially reduce insurance premiums by 15-40%.
  • Employer assumes greater control over benefit expenditures.
  • Employer HRA funds are exempt from payroll taxes and FICA.
  • Employees develop greater awareness of medical fees and expenses by taking an active role in the management of their health reimbursement dollars.
  • Employees gain greater choice and control over their personal healthcare expenditures.

Bene-Care provides comprehensive HRA Plan services including implementation, administration and renewal services:
Services Include:

  • Communicate plan information and facilitate enrollment meetings
  • Provide plan documents and summary plan description to employer
  • Collect monthly HRA premiums from employer, review and reconcile claims
  • Reimburse claims to employees via debit card, paper checks, or direct deposit
  • Generate monthly or quarterly reports as requested
  • Provide web portal to manage both employer account and individual member logins
  • Annual reviews of plan & plan design

Let us put our knowledge and experience to work for you.  Bene-Care can design and deliver benefit solutions that meet your needs and fit your budget.

 

 

 

 

Flexible Spending Accounts/Cafeteria Plans: Tax Benefits that Deliver Real Savings.
Under IRS Section 125, employers can offer employees the opportunity to pay for a variety of expenses tax-free. These nontaxable benefits include: childcare expenses, insurance premiums and many out-of-pocket medical, dental and vision expenses (deductibles, copayments, and other non-reimbursable expenses).
By deducting these expenses from gross salary, employees pay taxes on a reduced income amount, netting real savings on federal, state and FICA taxes.
The employer benefits by reducing company payroll taxes by the amount of employee deductions.   For many employers, the largerbenefit is the employee’s appreciation for the valuable tax-free benefit they enjoy.


Bene-Care provides start-to-finish Section 125 Plan services including implementation, administration and renewal services:


Services include:

  • Design and documentation for plans
  • Processing of new elections, changes and terminations
  • Claim adjudication and reimbursement processing
  • Monthly reports to employer
  • Complete e-mail and phone customer service
  • Dedicated administrator for each client
  • Annual review of plans and plan design
  • Employer and employee web portals to manage accounts
With POP & FSA Without POP & FSA
Yearly Gross Income $50,000 $50,000
Pre-Tax Deductions (w/a POP & FSA)    
Premium Contribution $3,000 0
Out of Pocket Medical Expenses $1,500 0
Dependent Care Expenses $4,000 0
Income after Pre-Tax Deductions $41,500 $50,000
Post-Tax Net Income * $29,050 $35,000
Post-Tax Deductions (No POP & FSA)    
Premium Contribution 0 $3,000
Out of Pocket Medical Expenses 0 $1,500
Dependent Care Expenses 0 $4,000
Income After Deductions $29,050 $26,500
Employee Savings w/a POP & FSA $2,550 0

*assumes 30% rate

 

 

 

Life Insurance:   Because ‘Someday’ Will Come.
Most people agree on the importance of life insurance. But surprisingly, only 78% of households own any life insurance!*.  Clearly, it’s a missing element.  It doesn’t have to be.
Employer-sponsored life insurance programs provide valuable access to reliable, affordable protection for the employees who wish to purchase protection for their families and loved ones.  Making affordable life insurance accessible through the workplace significantly influences an individual’s decision to purchase insurance protection. 
Bene-Care works with the leading insurance carriers to provide our customers with a variety of family protection products that may be purchased on an employee-paid, employer-paid, or hybrid basis, where costs are shared between employer and employees.
Our portfolio of solutions includes:

  • Low-cost term
  • Basic life and accidental death coverage
  • Optional life and accidental death coverage
  • Dependent life programs providing coverage for spouses and/or children

 

Sound financial futures begin with affordable protection that will provide the financial assurance your employees and their families will need when ‘someday’ happens.   Bene-Care can help you design and deliver benefit solutions that meet your employee’s needs and budgets.

* LIMRA International 2005 Life Insurance Ownership study

 

 

 

 

Disability Benefits:   Protect Tomorrow’s Paycheck.  Today.
No one likes to think about the possibility of becoming disabled.  But the reality is frightening.
Consider these statistics:

  • Every year, 12% of the adult U.S. population suffers a long-term disability.*
  • One out of every 7 workers will suffer a five-year or longer period of disability before age 65, and if 35 now, the chances of experiencing a three-month or longer disability before age 65 are 50%.  If 45, the figure is 44%. *

Disability insurance premiums are typically low compared to the benefit provided.  Since most employees could not afford to be without a paycheck for the average short-term disability, every employee should consider the question, “Is my income worth protecting?” 
Employer-sponsored disability benefit programs are an important source of income protection for employees, particularly those who might not seek protection on their own. 
Bene-Care works with the leading insurance carriers to provide our clients with a variety of paycheck protection plans that may be purchased on an employer-paid, employee-paid, or hybrid basis – where costs are shared between the employer and employee.  Program design is flexible, allowing the employer a variety of options based upon elimination periods waiting period and income protection percentages.
Our portfolio of solutions includes:

  • Statutory New York State DBL (2X and 3X DBL available as well)
  • Short-term disability
  • Long-term disability
  • Fully insured and self-insured options

When it comes to disability insurance, we strive to provide programs that successfully offer employees and their families meaningful paycheck protection in the event of disability. 
*Source:  MSN’s Money Central
 

 

 

 

Vision Benefits:  Look Beyond the Basics. 
When designing employee benefit packages, vision coverage is often an overlooked benefit.  Vision coverage is typically limited to a standard, base benefit under most health insurance policies.  Employers are not always aware of the comprehensive vision options available. 
Bene-Care can design and deliver enhanced vision benefits to compliment or replace your existing coverage.  Our goal is to provide meaningful benefits at a price you can afford. 
Our portfolio of solutions includes:

  • Preferred provider organizations
  • Indemnity plans
  • Fully insured or self-insured options

Every carrier that Bene-Care works with is committed to providing the highest level of service and will cooperate closely with us to provide the necessary resources and support to ensure a smooth and successful introduction of the program.

 

 

 

 

Dental Benefits:   Quality Coverage Means Brighter Smiles.
Selecting the right dental plan can be challenging for employers.  With so many carriers, plan designs and price points to choose from, selecting quality coverage at affordable premiums can be difficult.  We can help.
Bene-Care works with leading insurance carriers to provide our customers with smile-protection products that may be purchased on an employer-paid, employee-paid or hybrid basis, where the costs are shared between employee and employer.
Our portfolio of solutions includes:

  • Preferred provider organizations
  • Dental maintenance organizations
  • Indemnity plans
  • Fully insured or self insured options

Need more reasons to smile about your dental plan?  Let Bene-Care help you design a dental plan that delivers quality, affordable coverage for your employees and their families.