Employee Benefits

What is it?
Medical insurance protects against loss by illness or bodily injury. It provides coverage for medicine, visits to the doctor or emergency room, hospital stays and other medical expenses. Policies vary greatly in how they are structured, what they cover, the size of the deductible and co-payments, coverage limits and treatment options.

Why does your business need it?
Employees usually rank health care coverage as the most important of their total benefits package. In fact, it has been reported that inadequate benefits were a significant reason for employees to leave their job. Respondents to the 2005 Small Business Basic Medical Coverage survey said they would look for work elsewhere-perhaps at companies offering more generous employer contributions towards the cost of basic medical coverage-if their take-home pay were lowered to balance soaring healthcare costs.

When should you buy it?
Because medical insurance is one of the most important benefits to your employees, and a significant expense to your business, it is worth taking the time to ensure that the medical insurance consistently meets your needs. Many companies make it a point to reevaluate their health care plans on an annual basis. This is an especially valuable practice, considering the changes that can happen each year-premiums can increase, your employee base can change considerably, and state and federal rules can impact costs and coverage in unpredictable ways. Post Benefits will explore and understand your business in order to recommend the most suitable medical plan for your and your employer needs.

Why Post Benefits LLC?
Post Benefits is uniquely qualified to help you and your business satisfy your insurance needs. We search the marketplace for best-in-class providers to bring you tailored solutions for your business protection plan. We pride ourselves in providing outstanding personalized service. For more information please contact us at (201)252-3060.

What is it?
Dental insurance plays a vital role in making dental care accessible and affordable. It helps to provide financial assistance for routine preventative care as well as for basic and major procedures. A once overlooked benefit, the awareness and need for this important coverage is increasing. Like every other type of insurance, dental benefits offer a number of different program options, including traditional insurance plans, preferred provider organizations (PPO’s) and dental health maintenance organizations (DHMO’s)

Why does your business need it?
Due to the increased cost of visiting a dentist, group dental insurance has become a popular workplace benefit. In fact, dental benefits are consistently cited as one of the most sought after employee benefits. Studies indicate that benefit extras-like dental insurance plans-help to attract and retain high-quality employees. Group dental insurance can actually help to improve your company’s bottom line. Employees covered with group dental insurance are more likely to visit the dentist regularly, helping to improve overall employee health and prevent more serious problems.

When should you buy it?
The growing popularity and ease of access to dental procedures has broadened the spectrum of employee needs, encouraging the marketplace to develop a wider array of dental insurance plan designs. This makes it increasingly important to regularly review your dental benefits plan to ensure that it continues to meet both the business and employee requirements. There are a wide range of dental plans available for your business, from just as many providers. Post Benefits will explore and understand your business in order to recommend the most suitable plan, while helping to minimize cost for you and your employees.

Why Post Benefits LLC?
Post Benefits is uniquely qualified to help you and your business satisfy your insurance needs. We search the marketplace for best-in-class providers to bring you tailored solutions for your business protection plan. We pride ourselves in providing outstanding personalized service. For more information please contact us at (201)252-3060.

What is Group Life Insurance?
Group life insurance is a type of life insurance in which a single contract covers an entire group of people. Group life insurance is often provided as part of a complete employee benefit package. In most cases, the cost of group coverage is far less than what the employees or members would pay for a similar amount of individual protection. So if you are offered group life insurance through your employer or another group, you should usually take it, especially if you have no other life insurance or if your personal coverage is inadequate.

As the policy owner, the employer or other entity keeps the actual insurance policy, known as the master contract. All of those who are covered typically receive a certificate of insurance that serves as proof of insurance but is not actually the insurance policy. As with other types of life insurance, group life insurance allows you to choose your beneficiary.

Term insurance is the most common form of group life insurance. Group term life is typically provided in the form of yearly renewable term insurance. When group term insurance is provided through your employer, the employer will pay for most (and in some cases all) of the premiums. The amount of your coverage is typically equal to one or two times your annual salary.

When should you buy it?
The growing popularity and need for life insurance has led to the marketplace to developing a wider array of life insurance plan designs. This makes it increasingly important to regularly review your group life insurance benefit plan to ensure that it continues to meet both the business and employee requirements. There are a wide range of plan designs available for your business, from guarantee issue to fully underwritten and there are several providers to choose from.

Why Post Benefits LLC?
Post Benefits LLC will explore and understand your business in order to recommend the most suitable plan, while helping to minimize cost for you and your employees. We will market the program to insure you receive the most comprehensive and most aggressively priced plan on the market.

What is it?
At its most basic, Long Term Care Insurance protects families, lifestyles and assets from high cost associated with a long-term care. Increased life expectancies, changing households, the economy and the continued strain on Social Security have increased the focus on, and the concern about, long-term care issues. LTC policies provide coordinated services and money for the expenses derived from home health care, adult day care, respite care, assisted living facility care or nursing home care.

Why does your business need it?
Long Term Care Insurance represents a significant opportunity to strengthen your benefits package. Additionally, it can serve as a tool to recruit, retain and reward key employees. It’s likely that the problem of long-term care is already having a significant impact on the productivity of your company and the personal lives of your employees.

When should you buy it?
As with most insurance, the best time to purchase is when you are young and healthy. Most significant to business owners is the flexibility to purchase this only for themselves and their key executives without violating anti-discrimination laws, or as a voluntary benefit for your employee population. Furthermore, business can take a 100% tax deduction on premiums paid by the business for employees and their spouses and the benefits are generally received tax free.

Why Post Benefits LLC?
Post Benefits is uniquely qualified to help you and your business satisfy your insurance needs.  We search the marketplace for best-in-class providers to bring you tailored solutions for your business protection plan.  We pride ourselves in providing outstanding personalized service.  For more information please contact us at (201)252-3060.

What is it?
Group disability insurance provides a source of income to help protect an individual’s lifestyle, should they not be able to work because of a serious illness or injury. Although plan designs vary greatly, group disability programs technically provide the disabled individual with compensation based on a percentage of their actual income. Benefits generally last for a limited time to encourage a timely recovery and return to work.

Why does your business need it?
Many studies show that during working years, the change of an individual becoming disabled for more than three months is much higher than the chance of dying. This means that there is a greater potential for lost productivity, directly affecting a company’s bottom line. It is prudent for an employer to offer solutions to their employee population that will help to advance workplace productivity and ensure minimum disruption in workflow due to long term absences. In fact, some states mandate that employers provide some form of disability coverage to their employees.

When should you buy it?
As with most insurance, the best time to purchase is before a risk is taken. Depending on the nature of your business, varying plans and levels of coverage may be appropriate. HSBC will explore and understand your business in order to recommend the appropriate type and amount of protection.

Why Post Benefits LLC?
Post Benefits is uniquely qualified to help you and your business satisfy your insurance needs.  We search the marketplace for best-in-class providers to bring you tailored solutions for your business protection plan.  We pride ourselves in providing outstanding personalized service.  For more information please contact us at (201)252-3060.