What are Federal Employee Benefits?
Federal Employee benefits are insurance that covers of people who are usually the members of societies, employees of a common employer, or professionals.
Employee coverage helps reduce premium costs because it reduces the insurance carrier's risk by creating a pool of people to insure who are together for reasons other than obtaining insurance. Employee benefits can also be a powerful incentive to keep and attract great employees.
Major Types of Employee Benefits
health insurance coverage is a policy that is purchased by an employer and is offered to eligible employees of the company (and often to the employees' family members) as a benefit of working for that company. A health insurance plan is a major part of many employee benefits packages that employers provide for their employees.
life insurance (also known as wholesale life insurance or institutional life insurance) is term insurance covering of people, usually employees of a company, members of a union or association, or members of a pension or superannuation fund. Individual proof of insurability is not normally a consideration in the underwriting. Rather, the underwriter considers the size, turnover, and financial strength of the employee.
Disability Insurance is a type of employee insurance that provides regular income replacement payments to an insured member of the employee in the event of an eligible disability resulting from illness or injury. Coverage is generally offered in two types: short-term disability (STD) or long-term disability (LTD).
Supplemental insurance is extra or additional insurance that you can purchase to help you pay for services and out-of-pocket expenses that your regular insurance does not cover in the event of an accident or other covered loss.
When organizations want to offer the best dental and vision care benefits to attract and retain the best employees they need to work with our dental and vision experts. We have access to the benefit plans that will keep your members, employees, and their families healthy.
Contact us to learn more about the right benefits for your employee.
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