Employee Benefits
Where do I Start?
When selecting a health plan for you and your employees there are so many options to consider. We realize that at times, it can be overwhelming. A good approach is to consider the unique needs of your business and those of your employees, then try and identify a plan that satisfies those needs. Red Rock Financial group offers a variety of health plans from every major carrier in the industry. The depth of our products and our agent’s ability to identify and satisfy your needs makes us capable of providing you the best plan available for your business.
Request A Comparison Quote
Please visit Red Rock Financial Group’s group benefits quoting website. This online quoting form will allow you to request & compare multiple quotes from the industries top providers.
Request A Blue Cross® Blue Shield® of Arizona Quote
Want to know how coverage from Arizona’s number 1 health insurance provider fits with your company? Please visit Red Rock Financial Group’s Blue Cross Blue Shield of Arizona website for a BCBS group benefits quote. This online quoting form will allow you to request and review a personalized plan for your company.
What Plan Is Right For Me?
Consider the following plan types when searching for coverage that is right for you. This is not all of the options that may be available to you; if you don’t see something that fits your business, please contact one our professionals by clicking at the bottom of this page.
Health Maintenance Organizations
- HMO plans offer a wide range of health care benefits. Each member selects a Primary Care Physician (PCP) at the time of their enrollment to act as their own personal doctor. Their PCP directs them to the appropriate medical care as needed within the provider’s network. Medical emergency services do not require a referral by a PCP.
Preferred Provider Organizations
- PPO plans allow members to receive most care without an authorization or referral from a physician. When medical care is needed, they simply call a physician and schedule an appointment. You have the option of choosing in network or out of network care providers. Out-of-pocket costs are likely reduced when selecting in-network providers.
- Depending upon the PPO plan, the member may be billed for the deductible, copayment or coinsurance for covered services.
- When visiting a provider that is not within the PPO network, members may also be required to pay for charges that exceed eligible expenses for covered services.
High Deductible Plans and Health Savings Accounts
- HSA plans give you the option of opening a health savings account and contributing to that account each year. When medical care is needed, the funds in the savings account can be used to cover the cost, sort of like a rainy day fund. In most plans, you are responsible for all health care costs up to the deductible; however, after the deductible is satisfied, any additional costs within a calendar year are covered 100% by the health insurance company. Here are some benefits to consider:
- You and/or your employees can make the contributions.Employee contributions are on a pre-tax basis.
- Employer contributions are generally not subject to FICA or FUTA taxes.
- Withdrawals are non-taxable.
- The funds are not “use it or lose it,” rather can roll over to the following benefit year.
- HSAs are portable – they belong to your employees.
- HSA funds earn interest.
I’m still not sure what is right for my business?
We understand that there is so much more to consider than just the types of plans available. Let one of our qualified professionals talk with you about the specific needs of your business and help guide you to the plan that is right for you by clicking HERE.
As health insurance costs rise, it is becoming more difficult for the employers to provide critical coverages to their employees. Unfortunately, many employees are unable to procure such coverages on their own either for medical or financial reasons. Ancillary benefits packages are a great way to give you employees coverages that will have a significant impact on their lives in the even of an emergency, increase productivity in the workplace, and provide non-cash compensation.
What Are Ancillary Benefits?
Ancillary benefits are all of the benefits other than traditional health insurance that can be provided to employees. Ancillary benefits are valuable to employees because they address some of the most common health and medical risks employees face. The chart below outlines a few of the most important ancillary benefits to consider:
| Ancillary Benefit Type | Description Of Benefit |
| Group Life | Almost two thirds of American’s believe life insurance protects their loved ones, yet 34 percent have never purchased coverage. By offering life insurance to your employees through your benefits plan, you empower them to protect their families when they will need it the most. Like traditional life insurance, these policies pay a death benefit to the insured’s family/beneficiaries in the event of the insured’s death. Plans allow for flexible policy limits, living benefits for terminally ill employees, and portability options allowing employees to take their policy with them when they go. |
| Group Disability | Three in 10 workers between age 25 & 65 will experience an accident or illness that keeps them out of work for three months or longer. Think of disability insurance as “paycheck insurance.” In the event that an employee becomes partially or completely disabled, this coverage will replace a portion or all of their income lost as a result of their inability to work; this may be a short term disability or something that inhibits the employee for the rest of their life. Plans include return to work programs for injured employees and vocational and rehabilitation training for seriously impaired individuals. |
| Accidental Death & Dismemberment | Accidents happen to everyone. The severity of future accidents is unknown today; however, you can protect your employees from tomorrow’s unforeseen challenges with AD&D plans that will pay fixed benefits to you and your employees in the event of an accident. Plans also include death benefits & rehabilitation benefits. |
| Critical Illness | A critical Illness plan (sometimes called a supplemental health plan) helps employees cover the gaps in their medical plans for major medical concerns such as cancer, heart attack, or stroke. In some cases, these benefits are extended to family members. |
| Dental | Whether your employees desire a fully insured traditional indemnity plan, PPO plan, or administrative services only plan, we can add tailored dental coverage to your employee benefits package including benefits for orthodontics for children and adults as well as coverage for cosmetic bleaching and veneers. |
| Vision | Vision Plans include coverage’s for eye exams with optometrists and ophthalmologists. Benefits include a broad selection of frames and lenses, or contacts as well as professional services for your employees. |
How Do Ancillary Benefits Help My Company?
- Employers that offer ancillary benefits have a 26.2% lower probability of having an employee leave in a given year.
- Fosters employee engagement.
- Boost productivity by providing peace of mind in regards to health and moral.
- Increases retention.
- Provides a way to give non-cash compensation to your best employees.
- Improves the quality and safety of your workplace.
How Are Ancillary Benefits Paid For?
One of the best aspects of ancillary benefits are that they can be paid for in multiple ways give you, the employer, flexibility in building your plan and the ability to share costs with your employees while still providing them access to benefits they may not have access to other wise. Here are some of the options that are available to you:
- Employer Paid: The cost of benefits is paid for completely by the employer and may be framed as non-cash compensation. Employer simply pays the premium each month.
- Cost Sharing: The cost of the benefit is split in some ratio between the employee and the employer. The benefits can be framed as non-cash compensation and access to prices and product not otherwise available. The employer pays their portion of the premium and the employees are list billed each month, premiums are simply deducted from payroll checks.
- Voluntary Benefits: The cost of benefits is paid for completely by the employee. The plan is framed as giving employees access to great benefits at extremely low prices with little to no underwriting via the group platform. Employees are list billed each month and premiums are deducted from payroll.
Lets Build A Plan For Your Business!
Its simple and its free to take a look at what an ancillary benefits plan would cost you and/or your employees. Let one of our qualified professionals talk with you about the specific needs of your employees and help guide you to the plan that is right for you by clicking HERE.
