Benefits and Coverage Options

Offered Benefits

Health
Dental
Vision
Wellness Programs
Disability
Life
Long Term Care

Medicare Supplemental
Insurance
HRAs
HSAs
FSAs
Employee Assistance
Programs

Coverage options

Group Health Insurance Plans
Voluntary Employee Benefits (at no cost to the company)
Group Disability and Life Insurance
Supplemental Health and Accident Insurance
Individual Health Insurance
Individual dental
Individual vision
Long term care insurance

Types of Plans

Saving employers and employee’s insurance premium dollars

LL Benefits guides you through each step of the process, investigating, presenting, procuring, and registering you and your employees with the ideal benefits for your specific needs. But our services don’t stop there. We also continue to support you and your organization throughout the year.

Medical

Regarding medical benefits, employers and employees alike can share costs. In addition, there are tax incentives for businesses that provide group health coverage. Plans can be fully-funded by a state-regulated health insurance carrier, or self-funded by the employer (federally regulated). Carriers offer several group plans with varying options for deductibles, co-pays, annual limits, eligibility, and provider networks

Dental

Dental insurance is an employer-sponsored policy that pays a portion of the costs associated with dental care such as preventative cleanings, orthodontia, and restorative services. Insurance carriers offer plans with varying options for deductibles, co-pays, annual limits, and provider networks.

Vision

Vision insurance provides coverage for the services rendered by eye care professionals such as ophthalmologists and optometrists. There are many vision insurance companies and the typical vision insurance plan provides yearly coverage for eye examinations and partial or full coverage eyeglasses, sunglasses, and contact lenses, with or without copays, depending on the selected plan.

Saving time and money on administration

LL Benefits is your experienced and knowledgeable partner navigating a difficult (and expensive) health insurance industry. You can count on us to provide you with all the critical information necessary to understand the ever-changing marketplace.

Health Insurance

Health insurance is a policy that protects the insured in the event of illness or injury. It pays for the appropriate medical treatments required based upon limits established within the individual policies.

Advantages for employers
- Limits the risk of self-funding
- Lowers monthly costs
- Provides substantial refunds for healthy groups

Advantages for members (covered employees and covered dependents)
- Makes healthcare affordable
- Offers choice with in-network providers
- Is simple to use with multiple ways to get support
- Improves health with fully covered preventive health services

Health Savings Account (HSA)

An HSA is a tax-advantaged savings account available to employees enrolled in a high deductible health plan and is used to pay for qualified medical expenses. Unused funds roll over and accumulate year to year because the account is owned by the employee. HSAs can be funded by the employee, the employer, or both, and there is an individual and family annual limit to the amount which can be deposited

Disability: short term, long term, or a hybrid

Disability: short term, long term,
or a hybrid

Providing periodic payments to replace income lost when the insured is unable to work due to sickness or injury, disability is an employer-sponsored insurance covering a portion of an employee’s earned income. Typically, short term plans provide up to six months of financial support, while long-term plans provide support until the employee is considered permanently disabled. For both plans, there is typically a waiting period before benefits go into effect.

Just over 1 in 4 of today’s 20-year old’s
will become disabled before reaching age 67
Source: Social Security Administration, Fact Sheet February 7, 2013

Understanding your goals

Before LL Benefits provides cost control remedies, we develop long-term goals through strategic planning meetings and historical data analysis. This due diligence ensures that we design the best plan possible for you and your employees—a plan which fulfills your benefit goals. Once the plan is implemented, we maximize the efficiency of your benefits package with year-round support.

Voluntary Plans

Employees who look to you as a resource for their health insurance also turn to you for help with their personal financial affairs. Providing these employees with voluntary insurance is a solution which is advantageous to you as well. LL Benefits can help reduce your direct insurance costs by supplementing your group plans with voluntary plans while keeping your benefits package competitive for your industry.

So where does your responsibility to your employees end? Help them help themselves (with minimal administrative cost) by offering voluntary insurance plans key to protecting against the four major financial risks encountered during their working years.

Life: group and individual term or permanent

While term life insurance is a cost-effective coverage option for today, many people find that a combination of both term and whole life coverage helps provide the protection and accumulation they need at a price they can afford.

Term Life insurance

Provides affordable coverage with the flexibility to meet your long-term protection needs.

Whole Life insurance

Offers a guaranteed death benefit, guaranteed premiums, and guaranteed cash value. The guaranteed cash value does not ﬂuctuate because of events in the financial markets. It also offers the potential to earn dividends which are not guaranteed.

Long-Term Care

Covers extended care services in a facility such as a nursing home, assisted living center, adult day care, hospice, or at home. If a covered individual is unable to perform two of the six Activities of Daily Living, a daily benefit is paid after a waiting period has been met. Most plans offer two-year, three-year, four-year, five-year, and lifetime benefit periods.

Critical illness

Paired with a group health plan to cover treatment and recovery expenses.

Critical Illness coverage pays a lump sum benefit directly to the insured person upon the first diagnosis of a covered condition. Coverages can vary from $10,000 to $500,000 per person.

Accident

Accident insurance provides benefits for medical expenses due to a covered accident. Benefits are paid in addition to any health insurance coverage. Most plans cover hospital confinement, emergency room benefits, ambulance benefits, and certain scheduled medical expenses.

Cancer

Cancer coverage provides cash benefits for qualified cancer treatments. Although health insurance will pay the medical expenses associated with fighting cancer, a cancer plan will help with the non-medical expenses including loss of income, out-of- town treatment, special diets, routine living costs, and household upkeep. In addition to the non-medical expenses, most health plans have deductibles and other cost-sharing arrangements.

Heart Attack & Stroke

While this policy is in force, heart attack and stroke coverage pays a lump sum benefit directly to the insured person upon the first diagnosis of a heart attack or stroke.

Services

Help you interpret and comply with health care reform legislation,ERISA, HIPAA, COBRA, and other regulations.
Employee handbooks
Benefits statements
FSA administration
Communications
Benefits experts help employers communicate and employees understand their plans.
HR Technology
We pair you with secure online systems to manage your benefits, enrollment, and other HR tasks.
Health Risk Management
Help design custom wellness programs to meet the needs and interests of your employees and address the goals of your company.