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Custom design an
Employee Benefits Program to suit your company!
Working with Swenson Anderson Employee Benefits, a Minneapolis-based
company.
FREE SERVICES OFFERED TO MEMBERS:
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Employee Benefits website will be set up free charge for both employers
and employees.
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Free COBRA and HIPPA evaluations of each company to determine Federal
and State compliance.
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SAEB Benefits Planning Service. This highly sought after benefit
provides members with a unique and impartial consultation in evaluating
virtually all of the different health insurance carriers, plan designs
and funding methods, with specific recommendations for your firm.
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Workplace Mortgage Benefit Program. This is a value added program
that provides interest rate and fee discounts to employees for their
home loans.
MMA EMPLOYEE BENEFITS PROGRAM OFFERS:
Group Dental/Vision
Plan
Many employees value
dental/vision benefits above most other benefits. A Group Dental/Vision
Plan can provide member firms a valuable tool for recruiting and
retention of employees. This plan offers lower group rates than member
firms are able to negotiate individually.
Group Life Insurance
The
average American family is dramatically underinsured for life
insurance. If the main source of income is lost due to death, results
can be devastating to the family. Many employees carry no more life
insurance than that provided by their employer. A low cost group term
life insurance program may help member firms attract and retain good
people.
Group Disability
Insurance
Disability has been
described as “economic death.” Income stops and the disabled person
survives to see the undesirable effects. Disability Income Replacement
Insurance is less expensive when offered on a group basis. Member firms
benefit from the buying power and with more favorable underwriting
requirements.
Group Medical
Coverage
Among the fastest
rising budget items are health insurance rates. Root causes are many.
The solutions differ from one firm to another. Some will seek
traditional coverage, another will want Health Savings Accounts (HSA’s),
and another will want a Health Reimbursement Arrangement (HRA). Some
will choose a fully insured no-risk plan while another will want a
modified self-funded approach. All will want to share cost with
employees in a different manner. The MMA plan presents members an
attractive and creative solution to each of their unique situations. The
MMA plan offers Benefits Planning Service to its membership.
This provides individual, impartial consultation and assistance to
member firms in evaluating all the different carriers and plan designs
and funding methods with specific recommendations for each firm.
Group Long Term Care
The
increase in life expectancy has brought with it an increased need for
assistance with daily activities of life. Lost productivity of
employees who find themselves as care givers has been well documented.
Long Term Care Insurance when purchased individually is more expensive.
The association will be able to offer two plans. There may be interest
in the new non-traditional plan since it is a tax qualified cash
product. Lower premiums may be paid for more easily through payroll
deduction.
Cafeteria or
Flexible Benefit Plans
Congress has
provided favorable tax benefits where member firms may actually save in
payroll tax amounts in excess of the cost of these plans. Employees
have an opportunity to pre-tax their dependent care, eyewear, dental
bills, co-pays, pharmacy, and other expenses otherwise paid with
after-tax dollars. 401(k) or Retirement Plans are part of the Benefit
Consulting Service. Discussion, analysis and recommendations of various
tax sheltered plans would be a valued benefit for member firms.
Executive Medical
Reimbursement Plan
The “Executive
Medical Reimbursement Plan” is designed to provide a financial benefit
to the owner of a company. It is an insured supplemental plan, which
will reimburse the owner or selected employees for healthcare expenses
not covered by standard major medical policies. And since it is an
insured plan, it is not subject to nondiscrimination rules.
Executive Financial
Planning
Executives of
association member companies, and self-employed members, have unique
problems and needs. Individual financial counseling, tax strategies,
estate planning, wills, trusts, buy-sell agreements, and executive level
benefits are all important to these individuals.
COBRA, HIPAA & ERISA
Compliance – FREE AUDIT
Employers everywhere
struggle to understand and comply with multiple levels of legislation
and regulation from both the federal and state governments. Those that
don’t struggle are simply not aware of the threat that out-of-compliance
policies, procedures and actions pose. Guidance, employee training,
sample forms, and even outright administration for member firms would be
a valuable benefit which could save a member firm from an expensive
lawsuit or fines from the Department of Labor or the IRS.
Advisor Net
Mortgage, LLC
Helping employees
achieve their dreams is what this program is all about. This no-cost,
turn-key, voluntary employee benefit program is a great addition to your
current benefit offering. This program is a wonderful way to bring a
valuable service in-house. Some benefits of this program include
discounts in rates or fees, free credit pre-approvals and expert advice
provided to employees regarding home loan products, credit issues, and
first-time home buyer programs.
For more information about Employee Benefits Program, contact the office at 800-654-5773 or midwest@runestone.net.
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