OUR SERVICES
INSURANCE
WHAT WE OFFER
Veeda Benefits provides clients with group medical insurance, group dental insurance, group life insurance and more. Explore the full range of insurance services we consult on below.
MEDICAL
Most people work specifically to provide for their families. An essential aspect of caring for one’s family is ensuring they have access to quality medical care through some form of medical insurance.
The companies that attract the best candidates also understand they must adequately provide for the needs of their employees. Offering health insurance gives individuals and families peace of mind, making them valuable and loyal employees.
Are you confused with HMO versus PPO, deductibles, copays, and coinsurance? We can guide you through the differences in insurance carriers and medical plans.
DENTAL
Like most medical services, dental care can be expensive and is often overlooked until the last minute, so a competitive dental insurance plan is definitely something your employees can smile about. Many employers neglect their dental insurance, so offering a robust package is a great way to make your company stand out.
VISION
Vision is one of the most important senses, so maintaining ocular health is an obvious priority. Adequate vision is critical to performance and competence in the workplace, as it improves perception and helps minimize the risk of a work-comp accident. Offering vision benefits in your insurance plan gives your employees a chance to set aside a reasonable budget for their eye care needs, such as routine check-ups, glasses, and contact lenses.
LIFE AND AD&D
Life insurance helps to provide our loved ones with the funds necessary to maintain living expenses in the unfortunate event that their primary care provider passes away, offering future security as well as some peace of mind.
LONG TERM DISABILITY
A disability can be devastating, both personally and financially. If an employee becomes disabled and cannot perform their work duties, Social Security Insurance (SSI) payments may not be sufficient to cover their living expenses. Long Term Disability insurance can help your employees with partial income replacement.
SUPPLEMENT INSURANCE
Most insurance plans are very specific, and thus do not apply to all the curve balls life can throw at us. Supplemental insurance is a way to offer beneficiaries direct payments that they can use in whatever way they see fit to offset the effects of their condition. This can include insurance for accidents, disability, cancer, or general hospital fees.
COBRA ADMINISTRATION
The COBRA Administration helps those who are no longer employed receive temporary health insurance coverage at group rates. This is highly beneficial for those recently unemployed. If job loss was unexpected, an individual may need time to find a new insurance plan, and this can have devastating effects — particularly if one is already undergoing medical treatment. COBRA helps to bridge the gap between old insurance and a new plan.
SECTION 125 PREMIUM-ONLY PLAN
The Premium Only Plan, or POP, is a type of coverage plan that enables both employers and employees to save on tax fees. Premium tax fees are deducted directly from the payroll prior to a tax deduction on the employee’s actual salary.
HEALTH SAVINGS ACCOUNT
With a health savings account, employees are able to save for future qualified medical expenses. Contributions made by the employee and/or employer are placed into the account and can then be used as emergency funding for future medical expenses.
Health savings accounts are ideal ways to pay for medical expenses not covered by a major medical insurance policy, including chiropractic treatment and alternative medicines, such as acupuncture. Contact us to find out which medical plans are compatible with a Health Savings Account.
FLEXIBLE SPENDING ACCOUNTS
Flexible Spending Accounts (FSA) are accounts to which employees can contribute a part of their regular earnings. Depending on how the account is structured, an employer may also add their own contribution to the employee’s account. The accumulated sum is used to pay for any qualified expenses included in the policy with pre-tax dollars.
Are you familiar with the “use it or lose it” rule surrounding FSA’s? Reach out to us for more information.
