Employee Benefits
We appreciate the opportunity to work with you to help meet your insurance and employee benefits objectives. Strate Insurance Group, Inc. has adapted to the changing employee benefits environment and has invested in top-notch talent and leading-edge technology. We take nothing for granted, and will always work in the best interest of our clients.
We look forward to nurturing an ongoing relationship that brings you the best solutions in the business. We will continue to build our relationship through trust, experience and knowledge using hard work, creativity, and assertiveness that effectively meets the needs of your business.
Customer Comments
“Thank you for being so diligent on behalf of our employees. We really appreciate all you do for us.”
“I am very impressed with the professionalism and service.”
“I wanted to personally thank you and your team for the excellent customer service we have received.”
“Our decision to move to your company for our insurance needs has proven to be very successful. Thank you very much for all your help and the support and assistance of your team!”
Tom Porter, CEBS
Vice President Employee Benefits Services
423-318-5816
Email
Employee Benefits are available to all businesses whether you are a small sole proprietor or a large corporation. We represent a variety of insurance companies who can offer the right products to fit the needs of both you and your employees. We also offer a variety of special services for our clients. We offer the following services and products:
Overview of Services
Overview of Products
- GROUP HEALTH
- GROUP DENTAL INSURANCE
- GROUP VISION INSURANCE
- GROUP LIFE AND AD&D INSURANCE
- GROUP DISABILITY INSURANCE
- HEALTH FLEXIBLE SPENDING ACCOUNTS
- DEPENDENT CARE SPENDING ACCOUNTS
- VOLUNTARY INSURANCE PRODUCTS
- 401(k) PLANS
- GROUP LONG TERM CARE INSURANCE
EMPLOYEE BENEFITS MARKETING
As your representative broker and advisor, we can shop any insurance company in the market on your behalf, but prefer to deal only with those companies that hold an A.M. Best Rating of “A” or better – those with the greatest financial strength – in order to provide peace of mind for both you, the employer, and your employees.
CUSTOMIZED PLAN SERVICES
Consultative Services
- Strategic Planning Process – We listen to understand your employee benefit priorities and needs, and work with you to implement the plan agreed upon.
- Benefits Audit – Discovering the Gaps and Overlaps in coverage
Employee Benefits Administrative Assistance
Our service model is tailored to your needs. We commonly provide the following services:
- Employee Benefits Enrollments – Face-to-face or electronic; your choice, including enrollment handouts or presentations in formation.
- COBRA Administration – If your company is large enough to be subject to the COBRA law, we offer COBRA services/administration to our clients
Problem Solving
- Assist with Claims Problems – Let us run the situation down and get answers to you.
- Modifications to current procedures – sometimes things just do not flow well, we can review the procedures and make suggestions for modifications.
CUSTOMIZED COMMUNICATION
When upgrading your benefits communication system , think of us, a solution could be as close as a telephone call to us.
- Assist in Employee Communication campaigns – Wellness, Smoking Cessation, and more.
- Assist in design of communication materials.
- Customized employee benefit intranet website for your company.
- HRconnection: Your 24/7 Human Resources and Benefits reference site.
TECHNICAL KNOWLEDGE
- Assist with compliance issues
- Provide industry trends
- Certified Insurance Professionals
GROUP HEALTH INSURANCE
Employer sponsored group medical insurance is available to groups of two or more. Our staff will assist you in designing a plan that meets your company’s employee benefits needs and priorities. We offer fully insured and self-funded medical plans through both insurance companies and third party administrators. Maybe a new innovative plan design should be considered when re-evaluating your medical insurance such as H R A or H S A. Sometimes seeking opportunities to control cost may lead you to consider a self-funding approach. The important thing to consider in working with someone is the experience of the individuals and the agency when it comes to advice on whether or not to self fund or fully- insure your medical plan, bundled or unbundled services and how to communicate the changes to the employees. Consider us when you are establishing or changing your benefits or considering additions to your benefits. We have the experience you are looking for.
GROUP DENTAL INSURANCE
An important part of your employee’s overall health is good dental care. You can provide your employees with the incentive to visit their dentist regularly, and keep those small dental problems from becoming large expensive ones, through a Group Dental Insurance benefit. A variety of plan designs and cost saving options (HMO or PPO networks) are available to suit your needs.
GROUP VISION INSURANCE
Consider rounding out your employer sponsored benefit package with a benefit your employees will value, Group Vision Insurance. Benefits include vision exams, corrective lenses and frames.
GROUP LIFE and AD&D INSURANCE
You can provide financial protection for your employees and their loved ones at very affordable rates through Group Life and AD&D Insurance Benefits. Select a flat amount for all employees, multiples of annual salary or a benefit amount that varies depending upon different employee classifications. We can provide you with group life insurance products via insurance companies to meet your needs. Group life typically can be categorized by a single amount that applies to all employees, an amount based upon employee title / job classification or a function of salary. Regardless of the classification, we can assist you in finding a plan that will meet your needs.
GROUP DISABILITY
One of an employee’s greatest concerns is becoming too hurt or too sick to work, thereby losing their ability to earn an income. You can ease this concern by providing income replacement through a Group Short Term Disability benefit, Group Long Term Disability benefit, or a combination of both. We can also help you design your plan to eliminate employee taxation of benefits when they are received. We offer both short and long-term disability through A.M. Best Rating of “A” or better insurance companies.
Watch a video explaining the importance of Disability Insurance. “Back to Basics with Disability Insurance”
HEALTH FLEXIBLE SPENDING ACCOUNTS
By sponsoring a Health Flexible Spending Account you make it possible for your employees to be reimbursed for eligible out of pocket healthcare expenses through pre-tax contributions they make on their own behalf. Amounts the employee contributes to this account are free of both federal and social security taxes. As an employer, you have the option of contributing to the account on the employees behalf.
DEPENDENT CARE SPENDING ACCOUNTS
Similar to a Health Flexible Spending Account, a Dependent Care Spending Account is a vehicle that allows your employees to set aside monies, on a pre-tax basis, and be reimbursed for eligible child or adult day care expenses.
SUPPLEMENTAL VOLUNTARY INSURANCE PRODUCTS
We offer supplemental and voluntary products to help an individual build his or her personalized coverage. Provide your employees with the ability to enhance their employee benefits through the purchase of voluntary insurance products. Voluntary products are typically 100% employee paid. Available products include Limited Medical Benefit Plans, Voluntary Life and AD&D, Accident Insurance, Cancer Insurance, Vision Insurance, Dental Insurance and Long Term Care. The products that are typically offered are: Life Insurance, Accidental Death & Dismemberment, Accident, Cancer, Vision, Dental and Long-term Care.
RETIREMENT 401(k) PLANS
Retirement planning is essential to securing a level of comfort for you and your family when you retire. The most important steps to a happy retirement are saving and investing your money. After working for a long time, a big rest is exactly what you need. Whether you want to travel, pick up a new hobby, or just relax in your retirement, it’s important to plan for those “golden years”.
We can help you plan for your retirement years with a 401(k).
By sponsoring a A 401(k) plan you allow your employees to plan and save for their retirement. Employee contributions are deducted from their paychecks on a pre-tax basis, which reduces the amount of income tax withholding. Contributions and earnings are not taxed to the employee until withdrawn from the plan. You may choose to make matching contributions to the plan on behalf of your employees, and may also add a profit sharing feature to the plan. you to postpone receiving a portion of your salary until you retire. You choose the amount of income you’d like to “send to the future,” or defer annually. Advantages of a 401(k) include:
- Chance of lowering your income rate by deferring a portion of your taxable income.
- Ability to access the money for certain situations like buying a house, college fees, or in some hardship situations.
- Your Social Security contributions and benefits will not be impacted by your 401(k) plan.
- Your account is transferable—so you can take it with you from job to job
LONG TERM CARE
Long-Term Care has been defined as “medically necessary assistance”, recommended by a physician for the treatment of a chronic illness or debilitating injury on a long term basis. Recovery is usually not expected. Care is oriented toward helping a person function, not toward a cure.
Long-term care is typically not covered by your health plan, disability coverage or Medicare. Medicaid does cover long-term care, but only after you have used up your assets paying for care.
COBRA Administration Services
The administration of COBRA for your employee benefits can consume a great deal of the precious time of your Human Resources Department. At Strate Insurance Group, we provide turnkey COBRA Services which include the following:
- Initial Notifications
- Qualifying Event Notifications and Enrollment Materials
- Premium Billing and Collection Services
- Carrier enrollments and terminations
- Rate/carrier change notifications to COBRA continuees
- Premium remittance to employers
