Let’s face it: offering competitive employee benefits is crucial, but it can be a major headache, especially for small businesses. Juggling costs, administration, and employee needs feels impossible. That’s where Insureous comes in with a fresh approach – a defined contribution model designed to make ancillary benefits easy and affordable.
What are Ancillary Benefits?
It’s important to clarify that we’re talking about benefits that supplement major medical coverage. This includes valuable coverage such as:
- Dental
- Vision
- Life Insurance
- Disability Insurance (Short and Long Term)
- Critical Illness
- Accident
- Hospital
- Cancer
These benefits are essential for employee well-being and financial security.
Insureous’s Innovative Approach
Insureous offers a defined contribution model that flips the traditional benefits system on its head. Instead of employers selecting a rigid package, they provide employees with a fixed monthly allowance to spend on these ancillary benefits.
How Does It Work?
- Employer Sets the Contribution: Insureous enables the employer to identify their fixed monthly premium allocation for all eligible employees a “Defined Contribution” – minimum of 25/month(.14 CENTS PER HOUR).
- Employees Choose Their Coverage: Employees then use this allowance to select the ancillary benefits that best fit their individual needs from Insureous’s product portfolio.
- Customization and Flexibility: Employees choose the benefits they want, and they can even purchase additional coverage through payroll deductions.
Why This is a Game-Changer for Small Businesses
- Affordable Benefits: Insureous’s plans are designed to be affordable, making it easier for small businesses to offer a competitive benefits package.
- Customizable Solutions: Insureous offers innovative plans that can be customized to meet the unique needs of every small company.
- Easy to Get Started: This approach simplifies administration and makes it easy for businesses that don’t currently offer benefits to get a program up and running.
Key Advantages
- For Employers:
- Predictable budgeting.
- Attracting and retaining talent.
- Maximizing return on investment.
- For Employees:
- Personalized benefits choices.
- Control over their benefits spending.
- Convenient payroll deductions.
Insureous is committed to providing innovative and affordable ancillary benefit solutions that empower small businesses and their employees. Call 904-295-8498 or Schedule a Free Review