This may sound counter intuitive to placing employee group benefits, but it’s not. To my mind, disability is the most important aspect of an employee benefit plan. It is the protection of salary when a person cannot work. The critical theme is “employee” While...
…A case study While the sun shines For the sake of this outline, the employer will be called Company, the employee will be called Arthur, his spouse, Angela, and his daughter, Anne. Arthur is a professional in his field and accepted a position at Company in the fall....
…and the corporate policy There are a multitude of reasons why an employee group benefit plan SHOULD be set up as “mandatory” benefits. Mandatory means all hired, eligible, full-time employee, working more than 20-hours a week (unless the contract stipulates...
Does your benefits package align with YOUR business strategy, culture, and compensation. When expenses outweigh income potential If you are fortunate enough to be a member of an employer-sponsored group benefits plan, you are no doubt familiar with the extended health...
… incomplete and inaccurate … lack of disclosure We’re not alone in stating that loss of a loved one is tragic, made all the more acute when due to a clerical error or undisclosed pertinent information, the expected insurance is no longer payable. Too often the...
Whenever there is an employee group benefit program in place, corporate ownership and plan administration must always weight the pros and cons. Typically the cost of providing a benefit to the return on that investment. This runs into a bit of a looped narrative as...
