Employee Benefits

The Best Benefits Are Buckeye Benefits

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Employee Benefits

The Employee Benefits Challenge:
Providing benefits for your employees while keeping costs under control, and providing a sufficient array of benefits to retain the employees you have while attracting new employees to your company.

The Path to Victory:
Voluntary (Supplemental) Benefits for Your Employees
The programs we install are designed to complement existing company benefits. With flexible plan designs, employees will have an opportunity to provide specific coverage for their own and their family’s needs at an affordable cost.

Providing employee benefits can comprise a significant portion of a company’s total compensation budget. Unfortunately, the traditional one-size-fits-all approach to delivering group insurance benefits is not cost effective, and it is certainly not practical. Voluntary employee benefits allow your employees to customize affordable benefits to fit their individual and family needs without burdening your business with additional costs.

Specifically, providing disability coverage may help your company avoid exposure to false workers’ compensation claims.

How the Employer benefits

Premiums paid before taxes can save your company payroll tax dollars and improve your bottom line while at the same time offering a better benefits package.
We coordinate deduction schedules to conform to your payroll system.
We build a company-specific page on our website outlining available company benefits.
We provide professional benefit counselors to meet with your employees to answer any questions they may have about our programs; your HR department has no additional work.
Offering a more attractive benefit package may increase employee retention and recruiting.

How the Employee benefits

Employees can choose the types and levels of benefits that they need and can afford.
We make recommendations to the employee as to how much to spend in order to avoid becoming “insurance poor”.
Spouse and dependent children can participate, sometimes with or without employee.
Portability of benefits.
Payroll deduction of premiums allows for easy budgeting and potential tax savings.

Voluntary Products and Services
Available Benefits	Purpose/Comments
Universal Life	Pays a lump sum in the event of death to the Insured. In addition, builds cash value that the Insured can access.
Term Life	Pays a lump sum in the event of death to the Insured. Does not build cash value. Usually purchased in higher dollar amount in order to protect against “untimely” death.
Short Term Disability (STD)	Pays Insured a percentage of their salary in the event of a disability due to an accident or sickness. Benefit periods normally range from three months to two years.
Long Term Disability (LTD)	Pays Insured the same as STD, but for a longer period of time. Typical benefit periods are from two years to five years or until age 65.
Critical Illness	Pays Insured cash benefit in the event they are diagnosed with cancer, heart attack, stroke, kidney failure or the need for an organ transplant, among other things.
Dental	You choose your own dentist; the plan helps to pay for services.
Long Term Care	A plan designed to provide daily benefits at a nursing home of choice, thus avoiding dependence on family or charity, as well as the liquidation of assets.
Accident Coverage	Pays a cash benefit directly to the Insured that may be used for any purpose in the event of an accident. (Examples of an accident are broken bones, back injuries, and other general injuries to the body of an Insured).
Vision	Helps cover costs associated with exams, lenses, frames and contact lenses. Some plans pay cash benefit for diagnosis of eye diseases or eye injuries.