Workplace Supplemental Benefits

Why worksite benefits from Farmers Union Insurance

We believe that products should be both high quality and affordable. However, the real value of worksite benefits goes beyond simply providing products its about providing service. We will work with you every step of the way to make sure your plan works for you and your employees

One of the best ways to attract and keep quality employees is to offer a competitive, comprehensive benefits package. Even with great health insurance, serious injury or sickness can cause a financial burden to a family. Today, medical bills are the number 1 cause of U.S. bankruptcies. High-deductible plans, requiring consumers to pay more out-of-pocket costs, are a challenge for many households. While health care costs are rising, employees continue to express that they arent financially prepared for out of pocket health care costs. In fact, 43 % of adults with health insurance say they have difficulty affording their deductible, and roughly 33% say they have trouble affording their premiums and other out of pocket costs.

Thats why insurance to help protect consumers from all but inevitable out of pocket costs, as well as the cost of everyday expenses like gas, rent, mortgage, and other bills. A full 81 % of employees see a growing need for voluntary benefits, and 90 % at least some- what agree that voluntary benefits are essential for a comprehensive benefit program

Some of the advantages for your business:

  • No Company Premium
  • Enhanced Benefit Program
  • Employee Retention
  • Individual counseling
  • Tax savings

Why employers need Worksite benefits?

  • Deductibles have risen 6X faster than works earnings since 2010
  • Out of pocket limits are high, even for higher paid employees
    1. 52 % of employees have less than $1,000 to pay for out of pocket expenses associated with an unexpected serious illness or accident. 28% have less than $500.00. Higher paid employees are immune
  • Consumers tend to choose price over quality, which means less coverage than they realize

So many choices.. how do I know what to offer?

Here are a few of the most popular benefit options employers are offering

  • Short term disability insurance
  • Accident insurance
  • Cancer or specified disease insurance
  • Voluntary hospital insurance
  • Critical illness insurance
  • Dental
  • Life insurance
  • Long term disability
  • Short term disability

Value added services employers are offering:

  • Identity theft
  • Employee assistance programs
  • Telemedicine
  • Enrollment technology
  • Flexible spending accounts
  • Wellness access card programs
  • Lasik vision correction discounts
  • Prescription drug discount

Farmers Union Insurance can help you design a workplace benefits strategy that works best for you and your employees and complements other plans you may have. For more information, please call Brady Weisenberger 701.799.0967 or email brady.weisenberger@fumic.com

 

****All coverage is subject to policy terms and conditions, see you policy for details****