2015 GNYADA MEMBERSHIP DIRECTORY

SERVICES FOR DEALERS 2015 GNYADA Membership Directory

Vision Plans – relatively inexpensive benefit. It is however, a very important one. Studies have shown that most errors/mistakes are made by employees who should be wearing glasses but don’t since they are not covered by a vision plan at work. Life Insurance – most group Life Insurance plans will offer a guaranteed issue amount even if an employee has a medical condition. It is one of the best ways to obtain Life Insurance at a cost that is less expensive than an individual policy. Chose from Term, Universal or Whole Life Products. DBL – mandatory NYS Disability offers coverage up to 26 weeks with a maximum weekly payment of $170 which is taxable. Many employers look to enhance this benefit with a short term disability benefit and some opt to add a long term disability plan to maximize coverage. Voluntary Benefits – these plans are individual but are offered through a group plan. They are normally paid 100% by the employee. Most can be on a pre-tax basis. They are: • Specific Disease – this is coverage for cancer which helps pay for both medical and non-medical expenses. • Short Term Disability – assists you paying for your expenses while you are unable to work. • Accident - benefits are received depending on the type of accident incurred. • Hospital Confinement – can help protect you against out of pocket expenses, such as, deductibles and copays, which are associated with a hospital stay. • Life Insurance – Term or Universal. Term is the least expensive type of Life Insurance while Universal is more costly but builds up cash value. You decide which one meets your needs. Long Term Care – provides assistance when an individual can no longer perform the activities of daily living. Benefits can be received as an inpatient or at home. Pet Insurance – as much as you try to keep your pets safe and healthy, accidents and illnesses can still happen. This coverage will help you afford the care your pet needs. As a member of GNYADA you are entitled to a group discount of 10% and received an additional 10% if you cover multiple pets. Flexible Spending Accounts – allows employees to set aside a percentage of their pay on a pre-tax basis for eligible medical expenses ($2,550/yr.), dependent care ($5,000/yr.), parking ($250/mo.), and transit ($130/mo.). Senior Services –we can address the health insurance needs of your senior employees before and after they turn 65. There are benefits to both employees and employers.

Cobra – we administer this benefit for medical, dental and vision plans.

GNYADA’S team of experts will walk you thru the process and show you how to choose the plan that works the best for your business and situation. We can help you meet your needs and obtain your goals. Contact Michael W. Conway, Executive Director, at 718-746-8100 Ext. 405 or mconway@gnyada.com.

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