Group Benefits & Services

No company or business is too little or too big for us to work with. Whether you have a couple of employees or hundreds, we can assist you in designing a group benefits package just right for both you and your employees.

At Snider, Fuller and Associates, we feel it is vital for an employer to have the ability to offer the appropriate group benefits to attract and retain employees.

Some of the plans we offer are:

We also feel that finding the right person to fulfill a job position is extremely important. We offer a service by Kolbe® to help with this process.  Click here for more information.

Call us today and see how our Group Benefits specialists can help you.

 

Health Insurance Plans

Establishing a group health insurance plan to cover your employees can be a difficult task. Deciding which plan and funding method fits the needs of your organization is where we come in. There are many products on the market and we can help you sort through them and find the one that's right for you.

Some of the most common options are:

  • PPO Plans
  • HSA Plans
  • HRA Plans
  • Funding Choices


PPO Plans

A PPO plan (preferred provider organization) is a managed care system under which a network of doctors and hospitals provide services to the plan participants at a discounted rate. Participants are permitted to see a physician who is outside of the PPO network, but they will be responsible for a larger amount of the cost for the services rendered.

HSA Plans

An HSA plan (health savings account) works like an IRA, except that the money is used to pay for health care costs. Plan participants must enroll in a High Deductible Health Plan (HDHP) in order to be eligible to fund an HSA to cover current and future medical expenses. All money is tax deductible when deposited, and earnings are tax deferred. The money can be withdrawn to cover any qualified medical expense without being taxed. The unused balance can be rolled over from year to year to be used for future healthcare or long-term care costs.

HRA Plans

HRA plans (Health Reimbursement Arrangement) are IRS regulated, employer funded medical expense reimbursement plan from Section 105 of the IRS Code. An HRA plan can be combined with a HDHP (high deductible health plan) or can be purchased as a stand alone plan. Under this type of plan, the employer funds an account for each employee that can be carried over at the end of each plan year for use in future years, or can be returned to the employer, based on the plan design.

Funding Choices

There may be several choices available for funding the cost of health insurance, depending on the size of your group. These range from fully insured plans with set rates, to insured plans with a low to moderate level of risk sharing on the part of the employer, to Administrative Services Only (ASO) plans under which claims are self-funded by the employer with the exception of high claims that are covered under a stop-loss insurance policy.

Call us today to see what type of health insurance plan is best for your company. 

 

 

Dental & Vision Insurance Plans

Dental and vision insurance are two valuable pieces to include in an employee benefits package. Group dental & vision plans can be designed to accommodate a large variety of needs, budgets and expectations. 

To find out more details about the dental and vision plans available, call us today.

 

 

Life Insurance Plans

Group life insurance is usually provided by the employer at no cost to the employee. Coverage can be either a flat amount or a multiple of the employee’s salary. Some features of a group life insurance plan might include the following:

  • Accidental death and dismemberment (AD&D)
  • Accelerated death benefit
  • Conversion privilege
  • Waiver of premium
  • Additional voluntary group life at each employee’s option

To learn more about these features and to discuss designing a life insurance plan for you business, give us a call today.

 

Disability Insurance Plans

Statistics show that you have a greater risk of becoming disabled than of dying prematurely. Unfortunately, relying on Social Security and/or Workers Compensation for protection is not enough. There are many different provisions that can be added to come up with a disability insurance package that will work for you. Both short-term and long-term plans, can be coordinated to provide income security to your employees for a sickness or accident either on or off the job. 

We want to help you design the right disability insurance plan for your company. Call us today and let one of our group benefits specialists assist you.

 

Section 125 Plans

A section 125 plan allows employers to offer their employees a variety of benefits on a pre-tax basis. There are four main parts to a Section 125 Plan.

Premium Only Plans – A premium only plan permits an employee to have qualified insurance premiums deducted from his/her paycheck without federal, state, local, Medicare or Social Security taxes.

Flexible Spending Accounts – A flexible spending account allows an employee to have money deducted from his or her paycheck on a pre-tax basis to help cover out of pocket medical, dental, vision and prescription (some over the counter) expenses for themselves and their family members throughout that calendar year.

Funding Dependent Care Spending Accounts – The dependent care spending account portion of the Section 125 Plan allows an employee to deduct child care expenses from his/her paychecks on a pre-tax basis.

Transportation Benefits – A transportation benefit program is a part of the Section 125 Plan that permits an employee to deduct parking fees, transit passes and certain other necessary transportation expenses from their paycheck on a pre-tax basis.

To find out more details about Section 125 Plans, give us a call today.

 

Payroll Plans

Employees are commonly looking to employers to provide an increased level of benefits for themselves and their families. Adding a voluntary payroll deduction plan is a great way to enhance the benefits package without increasing the cost to the employer. Employees would choose from an available list of benefits and the premiums would be deducted from their paycheck, often on a pre-tax basis. Some of the most popular payroll deduction benefit plans are:

  • Term and permanent life insurance plans
  • Short-term disability plans
  • Cancer insurance
  • Long-term care insurance
  • Dental insurance
  • Vision benefits
  • Pre-paid legal services

Call us today to discuss which of these payroll plans you and your employees can benefit from.

 

Kolbe Services

Kolbe is a unique tool for businesses that helps employers hire and retain effective employees. The Kolbe Concept® helps businesses:

  • Hire employees who have the highest potential for success.

  • Maximize organizational performance by freeing employees to utilize their instinctive talents.

  • Build more effective teams by harnessing natural talents of team members in synergistic ways.

  • Create a less stressful, more productive work environment.

The Kolbe Concept® is a combination of software, training, and coaching services. Carol Showalter, an independent certified Kolbe Specialist, is trained to assist your business. Call today if you would like to discuss the Kolbe Concept® and to find out how it can help you and your business. Kolbe Concept® and Kolbe Specialist™ are trademarks and/or copyrights owned by Kathy Kolbe or Kolbe Corp. www.kolbe.com

 

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