Allow the employer the ability to create custom designed plans while saving money on costly insurance premiums.
Endless design options that can be modeled to best fit the needs and financial goals an organization.
A great way for employers to increase take home pay for their employees.
One of the most common self-funded benefits since there is typically low liability and a maximum time frame allowed for each claim.
FMLA and Absence Management is a time consuming job that creates an administrative burden.
Self-Funded Dental Benefits allow the employer the ability to create custom designed plans while saving money on costly insurance premiums. When utilizing a Fully-Insured dental benefit the employer and/or employee are required to pay a monthly premium regardless of whether or not the benefit is utilized. When the dental benefit is Self-Funded only dental expenses that are actually incurred are paid for each month. Learn More ›
Health Reimbursement Arrangements (HRA) have endless design options that can be modeled to best fit the needs and financial goals an organization. It is now very common for an employer to offer a high-deductible health plan and couple it with an HRA that reimburses employees for some or all of the deductible expense. As HRA funds build employers can open the allowable expenses to include dental, vision, hearing, as well as other highly sought expenses. Learn More ›
Flexible Spending Accounts are a great way to increase take home pay. At the beginning of the calendar year employees authorize their employer to reduce each paycheck by a pre-determined amount and put that money aside on a pretax basis. This money can be used to pay for certain expenses that need to be paid anyway (such as contact solution or dental work), but because FICA and Federal Income Taxes are avoided employees save money. Learn More ›
Short-Term Disability is one of the most common self-funded benefits since there is typically low liability and a maximum time frame allowed for each claim. Formula Benefits offers employers complete flexibility in creating the Short-Term Disability Plan. Learn More ›
FMLA and Absence Management is a time consuming job that creates an administrative burden. Whether it is tracking leave information, mailing required forms & notices or just trying to keep up to date on the latest changes to FMLA and State Laws. Let us do the work for you. We pride ourselves on having our clients trust that their leave administration will be done impartially, accurately and on a timely basis. Learn More ›