21st Century Benefit Advisors, Inc. possesses experience and expertise in the design, funding, and administration of the following group benefit needs:
For further information, please click each benefit.
Consumer Driven Health Plans (CDHP) & Managed Care Plans
After an analysis of your current healthcare plan(s), we provide recommendations as to what adjustments should be made in terms of design, network carrier, medical management and administration. We also recommend wellness services that will mitigate the healthcare cost increases for both the employer and employee.
Dental
We will recommend a dental product that best fits your population. The evaluation of plan design networks, rates, funding and contributions are areas of expertise.
Term, Universal & Variable Life
Employers can provide various forms of group life insurance to meet various needs. Term Life provides a fixed face amount at the cheaper rates. Universal provides more flexibility that allows the policyholder to make adjustments to premium throughout the life of the policy. Variable insurance allows the policyholder to invest in nonguaranteed accounts such as money market accounts, growth funds, bond funds, international funds and index funds.
Managed Integrated Disability, Salary Continuance, STD, LTD
Disability plans are an effective method to protect employees from either short or longer absences from work. We also see the value of integrating information from the carrier and the employer to identify ways to shorten an employee’s absence from work and take preventative measures to address trends.
Stop Loss & Reinsurance
For self-insured plans, we’ll recommend appropriate levels of individual and/or aggregate stop loss insurance levels in order to protect the employer from excessive exposure. If appropriate, we will review partial self-funding and minimum premium arrangements.
Post-Retirement Benefits
Plan design and funding mechanisms to provide solutions for retiree benefit liabilities to meet FAS 106 obligations. In regard to Medicare Part D, we can work with your existing carrier to determine credible coverage.
Non-Qualified Executive Plans
Plans that are not tax deductible, but can be offered solely to your executives. Executive perks, life insurance, and medical are the most common.
Voluntary Plans: Group Auto & Home, Legal, Long Term Care
Based on the needs and desires of an employer, we often recommend supplementing your benefit package with voluntary benefits to be chosen and funded by employees. Long Term Care is important due to rising nursing home and home health costs and the anticipated cost in the future. Its an effective method to guard against possible unforeseen circumstances in the future while protecting against one’s retirement income and assets. LTC is a complex benefit, but with proper analysis and implemented in the right setting can be valuable and appreciated.
Section 125 Plans
Plans that allow an employee to make contributions with pretax dollars. A common example is a Flexible Spending Account.
Transportation Equity Acts
See articles on Transportation Equity Acts in the Benefit Advisor.