01 May Employee Benefits for a Secure Tomorrow
When considering a new job offer, it’s not just the salary that matters; the benefits package is equally important to employees. Employers face significant challenges in balancing employee needs with company goals, aligning benefit brokers with their vision, and adapting benefits to fit the company culture. Meanwhile, employees may not fully understand or engage with the benefits offered, which can lead to underutilization. Additionally, unexpected employee needs can cause delays and stress when support isn’t provided promptly. In this context, businesses require a flexible, consultative approach to benefits administration that aligns organizational goals with employee satisfaction.
Insuraty specializes in employee benefits and offers services in insurance and retirement plans to its clients’ HR teams. It helps businesses grow through customized employee benefits and retirement options. Insuraty also provides personal insurance plans, including health, dental, life, and disability coverage. The company prioritizes employee welfare and community involvement through its support of the nonprofit Path to Greatness.
“We strive to be there for our clients, managing their needs and guiding them toward their goals,” says Chris Lawson, CEO of Insuraty. “Our focus on swift response times, accuracy, and technical assistance highlights the essential elements of effective benefits administration and customer support.”
Employee needs can be unexpected—whether for insurance, retirement, or other expenses—so Insuraty is always prepared to provide prompt support. Its expertise in integrating modern technology helps simplify processes for both clients and their employees. The firm also offers personalized assistance to ensure employees understand and can fully utilize their benefits.
Insuraty provides end-to-end benefits administration solutions that meet the needs of organizations and their employees. Its services cover the entire employee lifecycle, from onboarding to termination, providing a seamless experience at every stage. Key offerings include employee benefits consultation, new hire onboarding and orientation, benefits enrollment and administration, employee assistance programs, and termination administration with exit interviews.
In terms of insurance, Insuraty provides group health coverage from top providers. The plan focuses on preventive care, hospitalization, and emergency services, with added emphasis on disease management, vision care, and alternative therapies. Insuraty also offers flexible life insurance packages, working closely with employees to plan for their families’ futures.
Retirement planning is another core area of Insuraty’s expertise. It helps clients understand 401(k) and 403(b) plans, both of which offer tax advantages and flexible investment options. This helps provide opportunities for employer matching and provisions for hardship distributions or loans. On the other hand, the 403(b) plans allow employees to make pre-tax contributions to tax-sheltered accounts, ideal for nonprofit and public sector workers. Insuraty also offers annuities—long-term insurance contracts designed to provide a steady income stream. These annuities offer options like participation in stock market index growth or premium bonuses while ensuring a fixed interest rate for safety and stability.
Insuraty also helps address immediate challenges like reducing healthcare costs. For example, a client sought assistance in reducing healthcare expenses while maintaining employee flexibility. Insuraty conducted a detailed review of the client’s past benefit plans and costs, uncovering that previous choices were based on affordable premiums but limited control. Insuraty promoted the use of generic drugs to save costs and encouraged preventive health screenings to detect issues early. It suggested employees take advantage of free or discounted services like gym memberships and prescription savings. Additionally, Insuraty explored outpatient facilities for certain procedures and consolidated multiple healthcare plans under a single provider, which saved the client up to 3 percent in premiums. These measures successfully reduced costs while maintaining high-quality healthcare benefits for the client’s workforce.
With over 50 years of combined expertise, Insuraty’s experienced team delivers precise and timely benefits administration. The combination of speed, precision, and technical support positions Insuraty as a trusted partner in helping clients manage complexities while ensuring their employees are well served.