Overview of Health and Wellness Benefits
Alliance Benefits Insurance Group (ABIG) is a full-service insurance brokerage firm offering products and services for employers of all sizes and scale. Through our strategic partners we offer an extensive listing of products in the group and individual marketplaces.
We create custom employee health and wellness programs based on your objectives and budget. We present progressive solutions not only to meet your needs today but into the future. This section provides an introduction and overview to the broad topic of Employee Benefits.
Why Offer Employee Benefits?
It is important to understand why benefits are so important to employers and employees. Here are a few of the reasons employers offer their employees benefits:
- To attract and retain good people
- To keep up with competition
- To take care of people who help their business
- To foster good morale
- Tax advantages
As costs rise, benefits are becoming an even more important component of the total employee compensation package. This has become an increasingly important issue to employers, as benefits represent a significant portion of the overall compensation paid to employees. On average, employers spend 20% to 33% of payroll on employee benefits.
For many employers, a benefit plan is an integral part of total compensation, because employers either pay the entire cost of a benefit plan or have employees contribute a relatively small portion of premium costs for their coverage. Plus the cost of the employee to obtain comparable coverage out on their own would be significantly more costly.
Employee Benefit Products
- Medical Plans
- Dental Plans
- Vision Plans
- Disability Plans
- Life Insurance
- Long Term Care
- Section 125 Program’s
- Flexible Spending Accounts
- Voluntary Group Benefits
- Supplemental Products
- Medicare Products
- Cobra Administration
- Wellness Programs and Education
- Health Advocate
- Optimized Benefits
Specialty Products
- Alternative Funding Pharmacy Program
- Stop-Loss Insurance
- Worksite Benefit Communication & Enrollment
- PremiumScript Pharmacy Program
- Limited Medical Programs
Employer Services
- Human Resource Information System (HRIS)
- Online Enrollment System
- Professional Employer Organization
- Employee Assistance Program
- Transit Check Administration
- FSA / HRA Administration
- Third Party Administrators
- Consolidated Billing
- Payroll
We have long established strategic partnerships enabling us to deliver a broad range of insurance products and value added services. As your advocate, we work for you and only you. Our business is driven by serving your best interests. We continually strive to exceed your expectations. Helping you to make well informed decisions for you, your family and business is our objective. Call or email to schedule a consultation at 973.290.9505 or info@abigusa.com Thanks for taking the time to visit our site!
