2020AlliedDirectory_FNL

Dental Insurance – Plans can offer coverage in-network only or can be combined to offer out-of-network coverage to accommodate your employees. Most dental plans and preventative procedures are covered at 100%. Vision Plans –This is a relatively inexpensive benefit but an important one. Many workplace errors aremade 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 lower cost than an individual policy. Members can choose from Term, Universal, or Whole Life Products. DBL – The Brokerage offers an enhanced DBL program through ARCH Insurance. With this program, dealers can offer employees’ the benefit of either 50% of average weekly wages for 26 weeks or 60% for 52 weeks. Employees have a choice of maximum weekly benefits ranging from $170 to $850 per week. 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. • 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; 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. Property & Casualty Insurance –Working jointly with Arthur J Gallagher we offer individual and package reviews of all programs currently in place and will make recommendations for those programs that may be over or under insured. All programs are annually reviewed. Flexible Spending Accounts – Allows employees to set aside a percentage of their pay on a pretax basis for eligible medical expenses s/b (#2,750/yr.), parking ($270/mo.), and transit ($270/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.

SERVICES FOR DEALERS 2020 MEMBERSHIP DIRECTORY & SERVICES GUIDE

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 best for your business situation. Contact Michael W. Conway, Executive Director of the Insurance Brokerage, at 718-746-8100 Ext. 405 or mconway@gnyada.com.

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