Employee Benefits Department
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What are other organizations doing to reduce health care costs? Let us show you the latest benefit strategies.
Toll free at 800-735-8325 for more information.
Most of us think of employee benefits (or group benefits) as a cost of doing business. We seldom view them as raising the standard of living for many Americans through health and retirement programs. Employee benefits serve the economy as a whole by helping to secure and stabilize the income of families. American business has a history of providing employee benefits that dates back to 1936.
The complexity and variety of available employee benefit and retirement savings plans can be bewildering, especially in today’s changing world of:
- An aging population
- Increased life expectancy
- Ever-increasing healthcare costs
- Changing family structures
- Changing legislative and tax regulations
- Differences between FFS, HSA, PPO, POS, and HMO plans
Let JD Fulwiler’s Employee Benefits Specialists take the mystery out of employee benefit plans.
Employee health benefits are not only valuable to the employee, they are part of an overall compensation package to attract and retain the best workers. Currently, premiums paid by employers are deductible as a business expense and are excluded from most workers’ taxable income.
JD Fulwiler can help you control your employee benefit costs, and attract and retain employees by determining whether a commercial insurance plan, a partially funded or self-insured plan, or a Multiple Employer Welfare Arrangement is best for you. Contact one of our specialists today for more information about employee benefits products and services offered.
The first pension plan in the United States was established in 1759 to benefit widows and children of Presbyterian ministers.1 Everyone benefits when employees have retirement savings. Retirees with adequate financial resources live happier lives free of worries about money. Retirement plans can help retain valuable employees.
Employee retirement plans include:
Choosing a retirement plan for your employees involves many factors, such as your industry, employer investment, longevity of employment, and many other considerations. Simplify the process by contacting a Fulwiler specialist to talk about what makes sense for your company.
Other Products and Value Added Services
COBRA is a law that requires organizations with 20 or more employees to offer the continuation of group health benefits (Medical, Dental, Vision and Medical Reimbursement Account) to employees (and covered dependents) upon experiencing a “qualifying event.”
JD Fulwiler provides comprehensive COBRA services to our client groups at no cost. Visit our Client Resources.
Employee Assistance Program
Employee Assistance Programs provide employees with beneficial access to confidential, professional assistance while helping them remain productive at work. These programs are designed to help employees overcome problems that adversely impact their work performance and well-being.
Survey finds EAP’s clearly improves employee health and productivity.
Find out more.
Flexible Benefit Plans
Flexible Benefit Plans also known as Cafeteria Plans or Section 125 Plans allow eligible employees to pay for certain health care and dependent care expenses with tax-free dollars. This helps you save money on taxes for insurance premiums, out-of-pocket health care, and/or related child or dependent care expenses. Any dollar deferred into a Flexible Spending Plan is withheld before any taxes are deducted. Federal, State, local taxes, including Social Security and Medicare taxes are potentially saved on every dollar contributed to the plan.
Read our Flexible Benefit Plan basics.
Group term life insurance is one of the most affordable and invaluable benefits an employer can provide. With the buying power of group rates, employers can help provide financial protection for their employees.
Group disability insurance is one of the best bargains in the insurance marketplace. This “paycheck” insurance provides replacement income when an employee becomes disabled. It’s an excellent benefit that protects their most valuable asset – their income.
- A disabling injury occurs every 1.3 seconds; more than 26 million every year. National Safety Council, 2008 Injury Facts
- 3 in 10 workers entering the workforce today will become disabled before retiring. SSA Fact Sheet 2007
- 90% of disabling accidents and illnesses are not work related. National Safety Council, Injury Facts 2008
Identity Fraud Coverage
Identity theft is one of the fastest growing crimes in the country today, impacting several million people per year. Most individuals believe that their bank or credit card company will bear the burden of their loss. Unfortunately, most will not be reimbursed for the hundreds of hours and thousands of dollars in out-of-pocket expenses they incur to re-establish their credit and good name.
An Identity Fraud Expense Reimbursement Plan provides coverage reimbursement for lost wages, fees and even day care expenses. The plan covers ALL employees (regardless of hours worked) and all household family members.
Let JD Fulwiler show you how valuable and affordable this protection is!
Voluntary Insurance Plans
Voluntary insurance can play an important role in the benefit package you offer – at little or no direct cost to you. Filling gaps in coverage, voluntary plans help you offer a more comprehensive benefit package. Individual Voluntary Plans include:
An effective wellness program can help contain costs by keeping employees healthier and more productive. In fact, an average ROI is $3.00 for every dollar spent – savings in the form of reduced absenteeism and overall health care costs. There are four key elements of a wellness program, Awareness, Education, Action plan and Ongoing support.
Do you currently have a wellness program, but need help or looking for new ideas? Don’t know where to begin? No problem, JD Fulwiler has the resources you need for a successful Wellness Program. To learn how, give one of our specialists a call.
Discover more about Worksite Wellness Small Steps to Health Employees.
“JD Fulwiler serves as the off-site insurance team for Options for Southern Oregon, Inc.This year, the commercial insurance team and benefits consultants were critical to our success as we faced the complexities related to a merger and occupying a new facility. Their anticipation of our needs and response to our questions has been exemplary.”
“I have worked with J.D. Fulwiler for over twenty years and it remains one of our most trusted business relationships.”