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SERVICES FOR DEALERS
2016
MEMBERSHIP
DIRECTORY
22
Dental Insurance
– Plans can offer coverage in-network only or can be combined to offer out-of-network
coverage to accommodate your employees. Going for dental checkups at least twice a year can help prevent
expensive procedures later. Most dental plans, preventive procedures are covered at 100%.
Vision Plans
–This is a relatively inexpensive benefit, but an important one. Studies have shown that most workplace
errors are made by employees who should be wearing glasses but don’t, since they are not covered by a vision plan.
Life Insurance
–Most group life insurance plans will offer a guaranteed issue amount, even if an employee has an
existing medical condition. It is one of the best ways to obtain Life Insurance at a cost that is less expensive than
an individual policy. Members can choose 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 pretax basis. They are:
•
Specific Disease
– This coverage— for cancer, for example—helps pay for both medical and
non-medical expenses.
•
Short-Term Disability
– Pays for expenses while the employee is unable to work.
•
Accident
– Benefits depend on the type of accident incurred.
•
Hospital Confinement
– This protects 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 a member of GNYADA, you are entitled to a group discount of 10% and receive an additional
10% if you need to cover multiple pets.
Flexible Spending Accounts
– Allows employees to set aside a percentage of their pay on a pretax 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 through the process to help you choose the plan that works the best
for your business and situation. Contact Michael W. Conway, Executive Director, at 718-746-8100 Ext. 405 or
mconway@gnyada.com.