Products that Matter

Products that Matter

Employee Benefit Services of Maryland stands behind our claim of unparalleled customer service by working closely with clients not only at plan initiation and renewal, but throughout the course of your relationship with us. We're not just insurance agents. We're your employee benefits team. It's our goal to be both a solution providers and a strategic advisor. Our service teams will work with you to design and deploy the most appropriate benefits plan for your business, including any of the products from the list below:

Employees often view health insurance as one of their most valuable benefits. In fact, a 2007 survey by the National Business Group on Health found that 75% of workers felt their health plan was their most important benefit. Employee Benefit Services offers a variety of options including small group and medical savings accounts.

A 2008 study by the Kaiser Family Foundation found that 62% of small firms offered health benefits to workers. Health benefits increase productivity as well as aiding in recruitment and retention of your valuable human capital.

Benefit plans may include:

  • Preferred Provider or Point of Service options
  • Flexible coinsurance and deductible amounts
  • Prescription drug options
  • Maternity coverage options
  • Mental health and lifestyle coverage options
  • Health Reimbursement Arrangements (HRA's)
  • Health Savings Account (HSA's)
  • Wellness Programs

Dental benefits are often a priority for employees. About 90% of employers with more than 500 employees and 64% of employers with fewer than 500 employees offer a comprehensive dental plan.*

Employee Benefit Services helps business owners choose dental insurance that will compliment their existing health plan and satisfy the needs of their employees.

Benefit plans my include

  • Flexibility in choosing deductibles, coinsurance and benefit maximums
  • Employee only or family coverage
  • Orthodontic coverage
  • PPO plans, where available

*Employee Benefit Research Institute (ERBI), Fundamentals of Employee Benefit Programs (Washington, D.C.: Employee Benefits Research Institute, 2005, pp. 35-39).

Businesses today often believe it important to offer more than one benefit to their employees. Helping employees take care of their vision is an important part of a well-rounded benefits package.

Employee Benefit Services can help you choose an insurance provider and a benefits plan that will meet the needs of your employees.

Benefit plans may include:

  • Employee only or family coverage
  • Frame and lens coverage
  • Annual or more frequent eye exam coverage
  • Contact lens coverage
  • Vision correction coverage
  • Point of service plans

When retirement plans are offered, employees take advantage of them. 81.9% of eligible employees help balances in their 401(k) plans, according to the Profit Sharing/401(k) Council of America.*

There may be a number of reasons why small employers choose not to offer a retirement plan for their employees. According to the 2003 Small Employer Retirement Survey conducted by Employee Benefits Research Insitute, 3% of respondants say employees aren't interested. And another 27% say the uncertainty of their business prevents them from offering retirement benefits.

The most powerful motivators for new plan sponsors are business reasons-more than half of those surveyed believe that the plan has a positive impact on their ability to attract and retail quality employees as well as on the attitude and performance of their employees.

An Employee Benefit Services Representative can work with you to design a retirement plan that will help provide your employees with a significant advantage when saving for retirement.

Benefit plans may include:

  • Flexible matching contribution amounts
  • Variety of vesting options
  • Numerous investment vehicle choices
  • Multiple plan administrator choices
  • Loan provisions
  • Balance transfers

*Source: PSCA's 51st Annual Survey of Profit Sharing and 401(k) Plans which reports on the 2007 plan year experience of 1,011 profit sharing and 401(k) plans.

An Employee Benefits Services Specialist can work with you to enhance your benefits plan by adding disability income insurance coverage.

Benefit plans may include:

  • Flexible beginning dates of benefits
  • Partial disability benefits
  • Rate guarantees
  • Vocational rehabilitation assistance

Made possible by section 125 of the IRS code, these plans offer employers a way to save taxes on their group benefit plans and offer employees a way to save taxes on money spent out-of-pocket for dependent care and medical expenses.

Three types of Section 125 plans exist: Premium Only, Flexibly Spending Accounts and Full Cafeteria Plan. Money allocated to a Section 125 Plan is subtracted from the employee's taxable income. It is also free from employer-paid Social Security and Unemployment taxes.

Benefits plans may include:

  • Flexible contribution amounts
  • Plan documentation for employees
  • Weekly employee reimbursement cycle
  • Annual re-enrollment process

Putting your employees' minds at ease with life insurance is a valuable benefit you can provide as an employer. Most companies offer basic group life insurance in which the employer pays some or all of the cost of coverage. Supplemental life insurance, additional insurance coverage that can be purchased by the employee, is also a popular benefit option.

An Employee Benefit Services Specialist can work with you to design a group life insurance plan that fits your needs and provides a quality benefit to your employees.

Benefit plans may include:

  • Flexible schedules and maximums
  • Benefit amounts based upon an employee's earnings
  • Accidental death and dismemberment coverage
  • Conversion options

As employee benefits brokers, our core competency is to provide you access to medical, dental, vision, life, disability, and other insurance products. We help you navigate employee benefits through automated technologies that streamline and automate the process, such as integrated payroll, enrollment platforms, benefits administration, and Human Resource Information Systems. We keep you out of the penalty zone by advising you and providing solutions to meet your ERISA and Affordable Care Act (ACA) requirements, including reporting and distributing notices. We protect your bottom line by providing financially-focused and strategic planning, cost containment strategies, and risk management. We back all of this up with incredible customer service that is with you every step of the way. We are Employee Benefit Services. We are easier, better, smarter.